https://www.taxtmi.com/caselaws?id=794320 Penalty under section 270A could not survive where the quantum additions forming its sole basis were set aside and remanded for fresh adjudication. Once the foundational additions lost finality, the penalty lacked a subsisting basis and was deleted. The assessee succeeded on the principal challenge, while the Assessing Officer was left free to initiate penalty proceedings again if warranted by the outcome of the remanded quantum matter. en-us Tue, 30 Jun 2026 00:00:00 +0530 Fri, 03 Jul 2026 08:49:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794320 Penalty under section 270A could not survive where the quantum additions forming its sole basis were set aside and remanded for fresh adjudication. Once the foundational additions lost finality, the penalty lacked a subsisting basis and was deleted. The assessee succeeded on the principal challenge, while the Assessing Officer was left free to initiate penalty proceedings again if warranted by the outcome of the remanded quantum matter. Case-Laws Income Tax Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794320