https://www.taxtmi.com/caselaws?id=468775 Where the applicability of section 249(4)(b) in an ex parte reassessment was doubtful, the quantum appeal should not be rejected at the threshold without examining the merits; the matter was therefore restored for fresh adjudication. Penalty under section 271(1)(c) was also treated as premature because the assessed income and tax sought to be evaded had not yet attained finality. The penalty appeal was accordingly restored for reconsideration after disposal of the quantum appeal, leaving both issues open for merits-based determination. en-us Wed, 05 Feb 2025 00:00:00 +0530 Wed, 20 May 2026 19:00:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468775 Where the applicability of section 249(4)(b) in an ex parte reassessment was doubtful, the quantum appeal should not be rejected at the threshold without examining the merits; the matter was therefore restored for fresh adjudication. Penalty under section 271(1)(c) was also treated as premature because the assessed income and tax sought to be evaded had not yet attained finality. The penalty appeal was accordingly restored for reconsideration after disposal of the quantum appeal, leaving both issues open for merits-based determination. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468775