https://www.taxtmi.com/caselaws?id=436776 The appeal was allowed for statistical purposes, with the ITAT setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The ITAT also found the assessment framed under section 143(3) to be invalid due to the lack of approval for expanding the limited scrutiny to complete scrutiny. The case was remitted to the CIT(A) for fresh adjudication based on the ITAT's directions. The quantification of the penalty was deemed premature and dependent on the outcome of the set-aside proceedings pending before the CIT(A). en-us Mon, 17 Apr 2023 00:00:00 +0530 Wed, 19 Apr 2023 09:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436776 The appeal was allowed for statistical purposes, with the ITAT setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The ITAT also found the assessment framed under section 143(3) to be invalid due to the lack of approval for expanding the limited scrutiny to complete scrutiny. The case was remitted to the CIT(A) for fresh adjudication based on the ITAT's directions. The quantification of the penalty was deemed premature and dependent on the outcome of the set-aside proceedings pending before the CIT(A). Case-Laws Income Tax Mon, 17 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436776