https://www.taxtmi.com/caselaws?id=471050 Ex parte confirmation of a penalty without merits-based consideration warranted remand where explanations and supporting material on loan transactions had already been furnished. The first appellate proceedings began substantially after the appeal was filed, hearings intervened during the pandemic, and dismissal for non-substantiation occurred without adjudicating the material on record. The matter was remitted to the first appellate authority for fresh merits-based adjudication after providing the assessee a reasonable opportunity to present its case. en-us Fri, 21 Jun 2024 00:00:00 +0530 Wed, 19 Aug 2026 11:25:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471050 Ex parte confirmation of a penalty without merits-based consideration warranted remand where explanations and supporting material on loan transactions had already been furnished. The first appellate proceedings began substantially after the appeal was filed, hearings intervened during the pandemic, and dismissal for non-substantiation occurred without adjudicating the material on record. The matter was remitted to the first appellate authority for fresh merits-based adjudication after providing the assessee a reasonable opportunity to present its case. Case-Laws Income Tax Fri, 21 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471050