https://www.taxtmi.com/caselaws?id=28628 The High Court upheld the Tribunal's decision to cancel the penalty order under section 271(1)(c) of the Income Tax Act, 1961, instead of setting it aside for a fresh hearing by the Inspecting Assistant Commissioner of Income-tax. The Court found that the penalty was imposed without giving the assessee an opportunity to be heard, making the penalty order unsustainable. Due to the expiration of the limitation period under section 275 of the Act, the Court ruled in favor of the assessee, awarding costs of Rs. 250. en-us Mon, 20 Sep 1982 00:00:00 +0530 Wed, 24 Feb 2010 14:47:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28628 The High Court upheld the Tribunal's decision to cancel the penalty order under section 271(1)(c) of the Income Tax Act, 1961, instead of setting it aside for a fresh hearing by the Inspecting Assistant Commissioner of Income-tax. The Court found that the penalty was imposed without giving the assessee an opportunity to be heard, making the penalty order unsustainable. Due to the expiration of the limitation period under section 275 of the Act, the Court ruled in favor of the assessee, awarding costs of Rs. 250. Case-Laws Income Tax Mon, 20 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28628