https://www.taxtmi.com/caselaws?id=410135 The appeal was allowed, and the penalty under section 271(1)(c) was deleted. The Tribunal found discrepancies in the assessment process, lack of authentic documents, and remanded the matter for fair adjudication. As the addition in dispute was set aside and the matter was restored to the Assessing Officer for fresh decision, the penalty could not be sustained. The Tribunal emphasized the need for a fair adjudication process and ensuring penalties are imposed lawfully. en-us Fri, 16 Jul 2021 00:00:00 +0530 Mon, 26 Jul 2021 09:13:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410135 The appeal was allowed, and the penalty under section 271(1)(c) was deleted. The Tribunal found discrepancies in the assessment process, lack of authentic documents, and remanded the matter for fair adjudication. As the addition in dispute was set aside and the matter was restored to the Assessing Officer for fresh decision, the penalty could not be sustained. The Tribunal emphasized the need for a fair adjudication process and ensuring penalties are imposed lawfully. Case-Laws Income Tax Fri, 16 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410135