https://www.taxtmi.com/caselaws?id=404190 The High Court partially allowed the writ application, setting aside the penalty order and remitting the matter to the Principal Commissioner for fresh consideration on both the Section 50C issue and the penalty issue. The Court emphasized the need for a reevaluation of the Section 50C matter and clarified the limitation issue's finality. en-us Thu, 04 Feb 2021 00:00:00 +0530 Thu, 18 Feb 2021 04:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404190 The High Court partially allowed the writ application, setting aside the penalty order and remitting the matter to the Principal Commissioner for fresh consideration on both the Section 50C issue and the penalty issue. The Court emphasized the need for a reevaluation of the Section 50C matter and clarified the limitation issue's finality. Case-Laws Income Tax Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404190