https://www.taxtmi.com/caselaws?id=395989 The Tribunal allowed the appeal of the Assessee, M/s. Sunshine Capital Ltd., against a penalty order for the assessment year 2008-09. The Tribunal set aside the penalty order imposed by the Commissioner of Income Tax (Appeals)-30, New Delhi, as it was linked to a quantum issue that had been remanded for reassessment. The penalty was deemed unsustainable until the quantum issue was resolved, leading to the remand of the penalty issue back to the Assessing Officer for further consideration. en-us Mon, 02 Mar 2020 00:00:00 +0530 Wed, 17 Jun 2020 11:10:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395989 The Tribunal allowed the appeal of the Assessee, M/s. Sunshine Capital Ltd., against a penalty order for the assessment year 2008-09. The Tribunal set aside the penalty order imposed by the Commissioner of Income Tax (Appeals)-30, New Delhi, as it was linked to a quantum issue that had been remanded for reassessment. The penalty was deemed unsustainable until the quantum issue was resolved, leading to the remand of the penalty issue back to the Assessing Officer for further consideration. Case-Laws Income Tax Mon, 02 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395989