https://www.taxtmi.com/caselaws?id=384320 The Tribunal ruled in favor of the assessee, finding the penalty under Section 271(1)(c) of the Income Tax Act not sustainable due to the erroneous rejection of additional evidence by the Commissioner of Income Tax (Appeals). The case was remanded for fresh adjudication, emphasizing the principle of natural justice. Additionally, the Tribunal remanded the issue of sustaining the penalty related to the salary paid to the assessee's wife for reevaluation, highlighting the need to independently assess penalty issues. Ultimately, the assessee's appeal was treated as allowed for statistical purposes, providing relief on both penalty and salary addition matters. en-us Wed, 07 Aug 2019 00:00:00 +0530 Fri, 09 Aug 2019 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384320 The Tribunal ruled in favor of the assessee, finding the penalty under Section 271(1)(c) of the Income Tax Act not sustainable due to the erroneous rejection of additional evidence by the Commissioner of Income Tax (Appeals). The case was remanded for fresh adjudication, emphasizing the principle of natural justice. Additionally, the Tribunal remanded the issue of sustaining the penalty related to the salary paid to the assessee's wife for reevaluation, highlighting the need to independently assess penalty issues. Ultimately, the assessee's appeal was treated as allowed for statistical purposes, providing relief on both penalty and salary addition matters. Case-Laws Income Tax Wed, 07 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384320