https://www.taxtmi.com/caselaws?id=468449 Penalty proceedings based solely on a quashed assessment order cannot survive once the assessment is set aside, because the foundation for the consequential penalty action disappears. On that reasoning, the Madras High Court held that the impugned penalty order was unsustainable and set it aside. The writ petition therefore succeeded, and the penalty proceedings were annulled in favour of the assessee. en-us Wed, 30 Jul 2025 00:00:00 +0530 Wed, 06 May 2026 18:55:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468449 Penalty proceedings based solely on a quashed assessment order cannot survive once the assessment is set aside, because the foundation for the consequential penalty action disappears. On that reasoning, the Madras High Court held that the impugned penalty order was unsustainable and set it aside. The writ petition therefore succeeded, and the penalty proceedings were annulled in favour of the assessee. Case-Laws Income Tax Wed, 30 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468449