https://www.taxtmi.com/caselaws?id=385074 The Tribunal allowed the appeal for statistical purposes, directing the AO to re-examine the penalty issue in light of the pending substantial question of law before the Hon'ble Bombay High Court. The Tribunal emphasized judicial propriety and discipline, suggesting that once a substantial question of law is admitted by a higher court, the Tribunal should refrain from deciding the issue in penalty proceedings. The matter was restored to the AO for fresh adjudication of the penalty under Section 271(1)(c), considering the provisions of Section 275(1A) of the Income-tax Act, 1961. en-us Fri, 23 Aug 2019 00:00:00 +0530 Wed, 28 Aug 2019 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385074 The Tribunal allowed the appeal for statistical purposes, directing the AO to re-examine the penalty issue in light of the pending substantial question of law before the Hon'ble Bombay High Court. The Tribunal emphasized judicial propriety and discipline, suggesting that once a substantial question of law is admitted by a higher court, the Tribunal should refrain from deciding the issue in penalty proceedings. The matter was restored to the AO for fresh adjudication of the penalty under Section 271(1)(c), considering the provisions of Section 275(1A) of the Income-tax Act, 1961. Case-Laws Income Tax Fri, 23 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385074