Penalty Deleted After Quantum Remand for Lack of Proper Hearing

Rohan Promoters Pvt. Ltd. Vs ITO (ITAT Delhi) No Hearing, No Penalty: ITAT Revives Accommodation Entry Case- Rule 46A Ignored, Justice Restored: Quantum Sent Back In Rohan Promoters Pvt. Ltd. Vs. ITO, ITA No.968/Del/2017 (quantum) & ITA No.4849/Del/2019 (penalty), AY 2007-08, order dated 31.12.2025, Delhi ITAT set aside quantum addition & deleted consequential penalty u/s 271(1)(c). Assessee’s return declaring NIL income was processed u/s 143(1). Based on Investigation Wing information alleging accommodation entries, assessment was reopened u/s 147 & completed u/s 147 r.w.s. 14...