https://www.taxtmi.com/caselaws?id=307280 The Tribunal allowed the appeal for statistical purposes, setting aside previous orders and remanding the penalty levy issue back to the Assessing Officer. The Tribunal admitted additional evidence submitted by the assessee, emphasizing its relevance in determining the penalty imposition. The Assessing Officer was directed to reevaluate the penalty in light of the new evidence, providing a fair hearing opportunity to the assessee. The successful challenge against the penalty under section 271(1)(c) was attributed to the additional evidence presented during the proceedings. en-us Fri, 22 Jul 2016 00:00:00 +0530 Mon, 03 Apr 2023 19:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307280 The Tribunal allowed the appeal for statistical purposes, setting aside previous orders and remanding the penalty levy issue back to the Assessing Officer. The Tribunal admitted additional evidence submitted by the assessee, emphasizing its relevance in determining the penalty imposition. The Assessing Officer was directed to reevaluate the penalty in light of the new evidence, providing a fair hearing opportunity to the assessee. The successful challenge against the penalty under section 271(1)(c) was attributed to the additional evidence presented during the proceedings. Case-Laws Income Tax Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307280