https://www.taxtmi.com/caselaws?id=771042 Penalty under section 271(1)(c) based on additions disputed in a pending quantum appeal should not be finally sustained independently, because the penalty depends on the fate of the underlying additions. The Tribunal held that where the quantum issues remain open for adjudication, the penalty proceedings should be reconsidered together with the quantum matter. The penalty was therefore set aside and restored to the first appellate authority for fresh consideration alongside the quantum appeal. en-us Thu, 08 May 2025 00:00:00 +0530 Tue, 20 May 2025 08:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771042 Penalty under section 271(1)(c) based on additions disputed in a pending quantum appeal should not be finally sustained independently, because the penalty depends on the fate of the underlying additions. The Tribunal held that where the quantum issues remain open for adjudication, the penalty proceedings should be reconsidered together with the quantum matter. The penalty was therefore set aside and restored to the first appellate authority for fresh consideration alongside the quantum appeal. Case-Laws Income Tax Thu, 08 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771042