ITAT orders re-adjudication for penalty under Section 271(1)(c) without proper hearing

Yogendra Khandelwal Vs ACIT (ITAT Jaipur) In the recent case of Yogendra Khandelwal Vs ACIT, the Income Tax Appellate Tribunal (ITAT) Jaipur directed re-adjudication of penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 as CIT(A) passed order without giving the assessee sufficient opportunity to be heard. The case highlighted issues regarding the payment of commission without sufficient hearing.  The case arose from a penalty of Rs.1,80,208/- imposed under Section 271(1)(c) of the Act, out of a total penalty of Rs.3,55,087/-, initiated for concealment and furnishing of inaccu...