https://www.taxtmi.com/caselaws?id=406897 The ITAT remitted the quantum appeal back to the Ld. AO for fresh consideration, condoning the delay and emphasizing the need for cooperation from the assessee. The penalty appeal was also remitted for reconsideration based on the quantum appeal outcome. Both appeals were allowed for statistical purposes, indicating procedural remittance for further assessment. The decision highlighted the interconnected nature of the quantum and penalty aspects, leading to a comprehensive review by the Ld. AO. en-us Mon, 19 Apr 2021 00:00:00 +0530 Mon, 26 Apr 2021 10:21:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406897 The ITAT remitted the quantum appeal back to the Ld. AO for fresh consideration, condoning the delay and emphasizing the need for cooperation from the assessee. The penalty appeal was also remitted for reconsideration based on the quantum appeal outcome. Both appeals were allowed for statistical purposes, indicating procedural remittance for further assessment. The decision highlighted the interconnected nature of the quantum and penalty aspects, leading to a comprehensive review by the Ld. AO. Case-Laws Income Tax Mon, 19 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406897