S. 275(1A): Assessee's claim for refund of penalty with interest cannot be defeated by inaction of revenue

Shanti Enterprise vs. ACIT (Gujarat High Court)

(i) What is provided by Section 275(1A) is that the order imposing or enhancing or reducing or cancelling the penalty may be passed on the basis of the assessment as revised by giving effect to the order in appeal. The concerned authority was thus required to make specific order for cancelling the penalty by giving […]