2008 (9) TMI 1019

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....rayana and I.C. Kumar ORDER 1. This appeal is directed against the Tribunals order dated 10-9-2007. The impugned order relates to the assessment year 2001-02. It is also relevant to note that the impugned order is a composite order for two assessees Continental Carriers Pvt. Ltd. and Continental Air Express Pvt. Ltd. (the assessee in the present case). 2. In the case of the assessee [Cont....

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....sh after the earlier orders passed by the Assessing Officer and the CIT (Appeals) have been set aside. It was, therefore, contended by the learned counsel for the respondent that since the quantum appeal was allowed on this ground and the matter has been remanded to the Assessing Officer, the penalty proceedings arising out of the very same orders cannot survive any further. It has also been confi....