https://www.taxtmi.com/caselaws?id=765539 ITAT Lucknow restored penalty proceedings u/s 271(1)(c) to AO for fresh adjudication. Assessee failed to provide justifiable evidence for bad debt write-offs and sundry creditor documents were disbelieved by AO. FAA dismissed appeal for want of prosecution. Despite assessee being chronic defaulter with casual approach to proceedings, ITAT granted one final opportunity before AO in interest of substantial justice. AO directed to decide penalty imposition de novo. Appeal allowed for statistical purposes only. en-us Fri, 31 Jan 2025 00:00:00 +0530 Mon, 03 Feb 2025 08:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765539 ITAT Lucknow restored penalty proceedings u/s 271(1)(c) to AO for fresh adjudication. Assessee failed to provide justifiable evidence for bad debt write-offs and sundry creditor documents were disbelieved by AO. FAA dismissed appeal for want of prosecution. Despite assessee being chronic defaulter with casual approach to proceedings, ITAT granted one final opportunity before AO in interest of substantial justice. AO directed to decide penalty imposition de novo. Appeal allowed for statistical purposes only. Case-Laws Income Tax Fri, 31 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765539