https://www.taxtmi.com/caselaws?id=398418 The appeal against the levy of penalty under section 271(1)(c) of the Income Tax Act was disposed of, remanding the matter back to the CIT(A) for reevaluation. The Tribunal found that the CIT(A) did not adequately address the assessee's contentions and directed the assessee to appear before the CIT(A) with supporting evidence. The decision allowed for the submission of necessary information and documentation, ensuring a fair consideration of the assessee's arguments. The remand did not prejudice the assessee's right to opt for the settlement scheme, providing an opportunity for further examination and resolution of the penalty issue. en-us Fri, 11 Sep 2020 00:00:00 +0530 Tue, 15 Sep 2020 12:36:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398418 The appeal against the levy of penalty under section 271(1)(c) of the Income Tax Act was disposed of, remanding the matter back to the CIT(A) for reevaluation. The Tribunal found that the CIT(A) did not adequately address the assessee's contentions and directed the assessee to appear before the CIT(A) with supporting evidence. The decision allowed for the submission of necessary information and documentation, ensuring a fair consideration of the assessee's arguments. The remand did not prejudice the assessee's right to opt for the settlement scheme, providing an opportunity for further examination and resolution of the penalty issue. Case-Laws Income Tax Fri, 11 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398418