https://www.taxtmi.com/caselaws?id=405130 The Tribunal allowed the assessee's appeal against the penalty imposed under section 271(1)(b) of the Income Tax Act for A.Y. 2011-12. The penalty appeals were dismissed ex parte due to non-compliance, but the Tribunal set aside the matter for re-examination by the CIT(A) after deciding the pending quantum appeals. Emphasizing the joint ownership of bank accounts and the incomplete assessment, the Tribunal granted further hearing to the assessee for fair adjudication and due process. en-us Thu, 21 Jan 2021 00:00:00 +0530 Fri, 12 Mar 2021 08:37:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405130 The Tribunal allowed the assessee's appeal against the penalty imposed under section 271(1)(b) of the Income Tax Act for A.Y. 2011-12. The penalty appeals were dismissed ex parte due to non-compliance, but the Tribunal set aside the matter for re-examination by the CIT(A) after deciding the pending quantum appeals. Emphasizing the joint ownership of bank accounts and the incomplete assessment, the Tribunal granted further hearing to the assessee for fair adjudication and due process. Case-Laws Income Tax Thu, 21 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405130