https://www.taxtmi.com/caselaws?id=18954 Where the foundation for penalty remained under appellate examination, a penalty order passed before final disposal of the quantum proceedings was treated as premature. The Tribunal was therefore within its powers in setting aside the penalty under section 271(1)(c) and remitting the matter for fresh consideration after the assessment appeal was decided. The remand was upheld because the penalty issue depended on the outcome of the assessment proceedings, and the penalty order had not attained a proper final basis. en-us Wed, 08 Feb 1995 00:00:00 +0530 Tue, 03 Nov 2009 10:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18954 Where the foundation for penalty remained under appellate examination, a penalty order passed before final disposal of the quantum proceedings was treated as premature. The Tribunal was therefore within its powers in setting aside the penalty under section 271(1)(c) and remitting the matter for fresh consideration after the assessment appeal was decided. The remand was upheld because the penalty issue depended on the outcome of the assessment proceedings, and the penalty order had not attained a proper final basis. Case-Laws Income Tax Wed, 08 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18954