https://www.taxtmi.com/caselaws?id=393393 Delay in filing appeals was condoned because the assessee-company showed a satisfactory explanation based on financial crisis, labour unrest, and inability of the directors to access the premises, leaving no laches attributable to it. The penalty appeals under section 271(1)(c) were then restored for fresh consideration because the earlier directors had resigned, the assessee had not effectively been represented before the first appellate authority, and penalty proceedings are independent of quantum proceedings; the assessee was therefore entitled to a further opportunity of hearing. The matter was remanded for fresh adjudication on the penalty dispute without any final decision on merits. en-us Fri, 14 Feb 2020 00:00:00 +0530 Sat, 14 Mar 2020 13:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393393 Delay in filing appeals was condoned because the assessee-company showed a satisfactory explanation based on financial crisis, labour unrest, and inability of the directors to access the premises, leaving no laches attributable to it. The penalty appeals under section 271(1)(c) were then restored for fresh consideration because the earlier directors had resigned, the assessee had not effectively been represented before the first appellate authority, and penalty proceedings are independent of quantum proceedings; the assessee was therefore entitled to a further opportunity of hearing. The matter was remanded for fresh adjudication on the penalty dispute without any final decision on merits. Case-Laws Income Tax Fri, 14 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393393