https://www.taxtmi.com/caselaws?id=303789 The Tribunal remitted the issues back to the Assessing Officer for fresh consideration and verification of transactions involving penalties under Sections 271D and 271E of the Income Tax Act. The CIT(A) admitting additional evidence without a remand report was deemed improper, violating Rule 46A of the I.T. Rules. Both the assessee's and the revenue's appeals were allowed for statistical purposes, necessitating a thorough examination and verification of the evidence provided to determine the applicability of penalties. en-us Fri, 17 Oct 2014 00:00:00 +0530 Sat, 13 Aug 2022 08:07:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303789 The Tribunal remitted the issues back to the Assessing Officer for fresh consideration and verification of transactions involving penalties under Sections 271D and 271E of the Income Tax Act. The CIT(A) admitting additional evidence without a remand report was deemed improper, violating Rule 46A of the I.T. Rules. Both the assessee's and the revenue's appeals were allowed for statistical purposes, necessitating a thorough examination and verification of the evidence provided to determine the applicability of penalties. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303789