https://www.taxtmi.com/caselaws?id=440236 The court set aside the impugned order based on the fresh assessment order, leading to the collapse of penalty proceedings initiated earlier. The petitioner's argument that the Tribunal should not have remanded the matter was accepted, as penalty proceedings were not initiated following the fresh order. The court clarified that any future penalty proceedings based on the new assessment order would not be affected by this decision. The writ petition was disposed of accordingly, instructing parties to act based on the digitally signed copy of the order. en-us Mon, 22 May 2023 00:00:00 +0530 Thu, 13 Jul 2023 07:42:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440236 The court set aside the impugned order based on the fresh assessment order, leading to the collapse of penalty proceedings initiated earlier. The petitioner's argument that the Tribunal should not have remanded the matter was accepted, as penalty proceedings were not initiated following the fresh order. The court clarified that any future penalty proceedings based on the new assessment order would not be affected by this decision. The writ petition was disposed of accordingly, instructing parties to act based on the digitally signed copy of the order. Case-Laws Income Tax Mon, 22 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440236