https://www.taxtmi.com/caselaws?id=400608 The appeal against the order of the Ld. CIT(A) for AY 2012-13, involving the reopening of assessment for undisclosed interest income, was allowed by the Tribunal. The Tribunal found that the appellant had complied with the notices, rendering the penalty under section 271(1)(c) unjustifiable. The delay in pronouncing the order was justified due to exceptional circumstances like the COVID-19 pandemic. The appeal was allowed, and the penalty was set aside based on the Tribunal's assessment of the compliance with notices and the impact of extraordinary circumstances on the judicial process. en-us Wed, 15 Jul 2020 00:00:00 +0530 Wed, 11 Nov 2020 11:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400608 The appeal against the order of the Ld. CIT(A) for AY 2012-13, involving the reopening of assessment for undisclosed interest income, was allowed by the Tribunal. The Tribunal found that the appellant had complied with the notices, rendering the penalty under section 271(1)(c) unjustifiable. The delay in pronouncing the order was justified due to exceptional circumstances like the COVID-19 pandemic. The appeal was allowed, and the penalty was set aside based on the Tribunal's assessment of the compliance with notices and the impact of extraordinary circumstances on the judicial process. Case-Laws Income Tax Wed, 15 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400608