https://www.taxtmi.com/caselaws?id=401015 The ITAT allowed the appeal of the assessee for statistical purposes, emphasizing the importance of adhering to natural justice principles in tax proceedings. The decision highlighted the necessity of providing a fair opportunity of hearing before imposing a penalty under section 271(1)(c) of the Income Tax Act, stressing the statutory requirement of granting such an opportunity to the assessee. The ITAT's ruling focused on the violation of natural justice principles in the levy of the penalty and directed the matter to be restored back to the CIT(A) for a fresh order after ensuring adequate hearing for both parties. en-us Mon, 23 Nov 2020 00:00:00 +0530 Wed, 25 Nov 2020 10:16:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401015 The ITAT allowed the appeal of the assessee for statistical purposes, emphasizing the importance of adhering to natural justice principles in tax proceedings. The decision highlighted the necessity of providing a fair opportunity of hearing before imposing a penalty under section 271(1)(c) of the Income Tax Act, stressing the statutory requirement of granting such an opportunity to the assessee. The ITAT's ruling focused on the violation of natural justice principles in the levy of the penalty and directed the matter to be restored back to the CIT(A) for a fresh order after ensuring adequate hearing for both parties. Case-Laws Income Tax Mon, 23 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401015