https://www.taxtmi.com/caselaws?id=435387 The Tribunal remanded the quantum assessment issue to the Assessing Officer for fresh consideration, allowing additional evidence to be verified. The penalty order under Section 271(1)(c) was set aside, with the Assessing Officer granted the discretion to issue a new penalty order if required. Both appeals were allowed for statistical purposes. en-us Wed, 15 Mar 2023 00:00:00 +0530 Sat, 18 Mar 2023 08:30:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435387 The Tribunal remanded the quantum assessment issue to the Assessing Officer for fresh consideration, allowing additional evidence to be verified. The penalty order under Section 271(1)(c) was set aside, with the Assessing Officer granted the discretion to issue a new penalty order if required. Both appeals were allowed for statistical purposes. Case-Laws Income Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435387