https://www.taxtmi.com/caselaws?id=763180 Penalty proceedings under section 271(1)(c) arising from a reassessment made under sections 147 and 144 should not be finally adjudicated while the connected quantum appeal remains pending before the first appellate authority. The penalty issue was treated as dependent on the outcome of the quantum dispute, and principles of natural justice and fair play required deferred consideration. The order confirming penalty was set aside, and the matter was directed to be decided only after disposal of the quantum appeal. en-us Wed, 13 Nov 2024 00:00:00 +0530 Sat, 14 Dec 2024 07:58:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763180 Penalty proceedings under section 271(1)(c) arising from a reassessment made under sections 147 and 144 should not be finally adjudicated while the connected quantum appeal remains pending before the first appellate authority. The penalty issue was treated as dependent on the outcome of the quantum dispute, and principles of natural justice and fair play required deferred consideration. The order confirming penalty was set aside, and the matter was directed to be decided only after disposal of the quantum appeal. Case-Laws Income Tax Wed, 13 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763180