ITAT Delhi Sets Aside Section 271(1)(B) Penalty as Quantum Appeal Was Remanded

Sangeeta Kathuria Vs ITO (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, allowed the assessee’s appeal for statistical purposes by setting aside the penalty order passed under Section 271(1)(B) of the Income-tax Act and remitting the matter to the Assessing Officer (AO) for fresh adjudication. During the hearing, the assessee submitted that the related quantum appeal for the same assessment year had already been set aside by the Tribunal and restored to the AO for de novo adjudication. The Departmental Representative did not dispute this submission. The Tribunal referred to its...