https://www.taxtmi.com/caselaws?id=295269 The Appellate Tribunal allowed the grounds raised by the assessee, emphasizing the importance of providing a fair opportunity for the assessee to present their case before imposing penalties under the Income Tax Act. The Tribunal directed the Assessing Officer to afford the assessee a reasonable opportunity to explain the reasons for non-payment of outstanding taxes and instructed the assessee to submit relevant information to support their case. The appeals were treated as allowed for statistical purposes, highlighting the significance of due process in penalty imposition cases. en-us Fri, 26 Apr 2019 00:00:00 +0530 Thu, 27 May 2021 08:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295269 The Appellate Tribunal allowed the grounds raised by the assessee, emphasizing the importance of providing a fair opportunity for the assessee to present their case before imposing penalties under the Income Tax Act. The Tribunal directed the Assessing Officer to afford the assessee a reasonable opportunity to explain the reasons for non-payment of outstanding taxes and instructed the assessee to submit relevant information to support their case. The appeals were treated as allowed for statistical purposes, highlighting the significance of due process in penalty imposition cases. Case-Laws Income Tax Fri, 26 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295269