https://www.taxtmi.com/caselaws?id=282868 The High Court upheld the decisions of the CIT (A) and the Tribunal in deleting the penalty under Section 271(1)(c) of the Income Tax Act. It ruled that fresh penalty proceedings are permissible only when the assessment is revised based on a higher forum's order. Since the CIT (A) did not revise the assessment but merely confirmed it, the initiation of fresh penalty proceedings was unjustified. The Court dismissed the Tax Appeal, emphasizing the importance of aligning penalty imposition with revised assessments for procedural fairness and adherence to legal provisions. en-us Tue, 10 Jul 2018 00:00:00 +0530 Wed, 28 Aug 2019 17:19:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282868 The High Court upheld the decisions of the CIT (A) and the Tribunal in deleting the penalty under Section 271(1)(c) of the Income Tax Act. It ruled that fresh penalty proceedings are permissible only when the assessment is revised based on a higher forum's order. Since the CIT (A) did not revise the assessment but merely confirmed it, the initiation of fresh penalty proceedings was unjustified. The Court dismissed the Tax Appeal, emphasizing the importance of aligning penalty imposition with revised assessments for procedural fairness and adherence to legal provisions. Case-Laws Income Tax Tue, 10 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282868