https://www.taxtmi.com/caselaws?id=309568 The Tribunal upheld the CIT(A)'s decision to cancel the penalty order under section 271(1)(c) due to the setting aside of the assessment order by the ITAT. The Revenue's appeal was dismissed, allowing the Assessing Officer to consider initiating penalty proceedings afresh while completing the assessment. The Tribunal emphasized the necessity of an alive assessment order for penalty consideration and found no reason to interfere with the CIT(A)'s decision in this case. en-us Fri, 22 Jul 2011 00:00:00 +0530 Mon, 11 Sep 2023 11:17:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309568 The Tribunal upheld the CIT(A)'s decision to cancel the penalty order under section 271(1)(c) due to the setting aside of the assessment order by the ITAT. The Revenue's appeal was dismissed, allowing the Assessing Officer to consider initiating penalty proceedings afresh while completing the assessment. The Tribunal emphasized the necessity of an alive assessment order for penalty consideration and found no reason to interfere with the CIT(A)'s decision in this case. Case-Laws Income Tax Fri, 22 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309568