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2019 (6) TMI 99 - AT - Income TaxPenalty u/s 271(1)(c) - assessee’s quantum appeal has since been restored by a Coordinate Bench of this Tribunal - HELD THAT:- In our considered opinion that it will be in the fitness of things if the penalty appeal is also restored to the file of the Assessing Officer. Accordingly, we restore this appeal to the file of the Assessing Officer with the liberty to initiate penalty proceedings afresh, if it is so warranted, once the quantum has been decided afresh. Appeal of the assessee stands allowed for statistical purposes.
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