No Quantum, No Penalty: ITAT Holds Section 271(1)(c) Penalty Cannot Survive When Assessment Is Sent Back for Fresh Adjudication Penalty Proceedings Cannot Stand on a Foundation That No Longer Exists One of the most fundamental principles of tax law is that penalty proceedings are generally consequential to the assessment proceedings from which they…
The post No Quantum, No Penalty: ITAT Holds Section 271(1)(c) Penalty Cannot Survive When Assessment Is Sent Back for Fresh Adjudication appeared first on The Tax Talk.
