https://www.taxtmi.com/caselaws?id=400842 The ITAT Pune ordered the restoration of a penalty under section 271(1)(c) of the Income Tax Act, 1961 to the Ld. CIT(Appeals) for fresh adjudication, following the remand of the quantum appeal. This decision was influenced by legal precedents emphasizing that if the quantum appeal is remanded, the penalty should also be reconsidered. The Revenue's appeal was allowed for statistical purposes, with the order pronounced on 16th October 2020. en-us Fri, 16 Oct 2020 00:00:00 +0530 Fri, 20 Nov 2020 13:18:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400842 The ITAT Pune ordered the restoration of a penalty under section 271(1)(c) of the Income Tax Act, 1961 to the Ld. CIT(Appeals) for fresh adjudication, following the remand of the quantum appeal. This decision was influenced by legal precedents emphasizing that if the quantum appeal is remanded, the penalty should also be reconsidered. The Revenue's appeal was allowed for statistical purposes, with the order pronounced on 16th October 2020. Case-Laws Income Tax Fri, 16 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400842