https://www.taxtmi.com/caselaws?id=751940 The Tribunal remitted the penalty matter to the Prescribed Authority, and the Supreme Court disposed of the Special Leave Petition without deciding the merits. As the challenged Tribunal order had been passed ex parte and the petitioners said it was not within their knowledge, the Court granted liberty to join the remanded proceedings and to raise all legal and factual contentions before the Prescribed Authority. The procedural result is that the dispute will be considered afresh by the authority to whom the matter stands remitted, with no adjudication on the underlying penalty issue under section 271(1)(c). en-us Tue, 23 Apr 2024 00:00:00 +0530 Fri, 08 May 2026 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751940 The Tribunal remitted the penalty matter to the Prescribed Authority, and the Supreme Court disposed of the Special Leave Petition without deciding the merits. As the challenged Tribunal order had been passed ex parte and the petitioners said it was not within their knowledge, the Court granted liberty to join the remanded proceedings and to raise all legal and factual contentions before the Prescribed Authority. The procedural result is that the dispute will be considered afresh by the authority to whom the matter stands remitted, with no adjudication on the underlying penalty issue under section 271(1)(c). Case-Laws Income Tax Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751940