https://www.taxtmi.com/caselaws?id=24370 The High Court held that the Tribunal erred in cancelling the penalty without considering the assessment findings, as the penalty proceedings should have been dependent on the assessment. Since the assessment had been set aside, the penalty could not be concluded by simply cancelling it. The Court found the Tribunal's actions erroneous and ruled in favor of the Department, answering the questions in the negative. No costs were awarded in this case. en-us Tue, 22 Sep 1981 00:00:00 +0530 Tue, 19 Jan 2010 15:22:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24370 The High Court held that the Tribunal erred in cancelling the penalty without considering the assessment findings, as the penalty proceedings should have been dependent on the assessment. Since the assessment had been set aside, the penalty could not be concluded by simply cancelling it. The Court found the Tribunal's actions erroneous and ruled in favor of the Department, answering the questions in the negative. No costs were awarded in this case. Case-Laws Income Tax Tue, 22 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24370