https://www.taxtmi.com/caselaws?id=756462 The ITAT Indore allowed the appeal filed by the assessee, condoning a 204-day delay due to medical reasons, prioritizing substantial justice. The Tribunal set aside the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961, as the assessment order was deemed non-est following a prior ITAT decision. The AO may initiate fresh penalty proceedings contingent on new assessment outcomes. The judgment underscored the non-est status of the assessment order, rendering the penalty order without locus standi. The decision clarified the issues surrounding delay, condonation, and the imposition of penalties. en-us Fri, 26 Jul 2024 00:00:00 +0530 Fri, 02 Aug 2024 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756462 The ITAT Indore allowed the appeal filed by the assessee, condoning a 204-day delay due to medical reasons, prioritizing substantial justice. The Tribunal set aside the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961, as the assessment order was deemed non-est following a prior ITAT decision. The AO may initiate fresh penalty proceedings contingent on new assessment outcomes. The judgment underscored the non-est status of the assessment order, rendering the penalty order without locus standi. The decision clarified the issues surrounding delay, condonation, and the imposition of penalties. Case-Laws Income Tax Fri, 26 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756462