https://www.taxtmi.com/caselaws?id=467301 Condonation of delay was granted where the assessee presented a bona fide, fact supported explanation, resulting in restoration of appeals. The tribunal held that ex parte assessment completed under section 144 r.w.s. 147 and the consequential penalty under section 270A were set aside because no effective opportunity of hearing was afforded; the matters are remitted to the Assessing Officer for de novo adjudication and re examination of penalty consequential on reassessment, with a direction for the assessee to cooperate and provide relevant information. en-us Tue, 01 Apr 2025 00:00:00 +0530 Fri, 13 Mar 2026 18:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467301 Condonation of delay was granted where the assessee presented a bona fide, fact supported explanation, resulting in restoration of appeals. The tribunal held that ex parte assessment completed under section 144 r.w.s. 147 and the consequential penalty under section 270A were set aside because no effective opportunity of hearing was afforded; the matters are remitted to the Assessing Officer for de novo adjudication and re examination of penalty consequential on reassessment, with a direction for the assessee to cooperate and provide relevant information. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467301