https://www.taxtmi.com/caselaws?id=419862 The Tribunal remanded the penalty issue back to the CIT(A) for a fresh decision, considering the role of the Tax Consultant in the fraudulent activities and the assessee's lack of knowledge regarding the false claims made in the revised return. The appeal by the assessee was treated as allowed for statistical purposes, highlighting the importance of fair assessment and due process in penalty proceedings under the Income Tax Act. en-us Fri, 18 Mar 2022 00:00:00 +0530 Tue, 22 Mar 2022 09:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419862 The Tribunal remanded the penalty issue back to the CIT(A) for a fresh decision, considering the role of the Tax Consultant in the fraudulent activities and the assessee's lack of knowledge regarding the false claims made in the revised return. The appeal by the assessee was treated as allowed for statistical purposes, highlighting the importance of fair assessment and due process in penalty proceedings under the Income Tax Act. Case-Laws Income Tax Fri, 18 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419862