Matter remanded to decide issue of penalty under section 271AAA since quantum appeal was pending consideration before Tribunal

IT : Matter remanded to decide issue of penalty under section 271AAA since quantum appeal was pending consideration before Tribunal
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[2014] 49 taxmann.com 322 (Gujarat)
HIGH COURT OF GUJARAT
Commissioner of Income-tax-II
v.
Manav Infrastructure (P.) Ltd.*
M.R. SHAH AND K.J. THAKER, JJ.
TAX APPEAL NO. 484 OF 2014†
AUGUST  4, 2014
Section 271AAA of the Income-tax Act, 1961 - Penalty - In search cases (Scope of) - Tribunal deleted penalty levied under section 271AAA upon assessee - Quantum appeal was pending consideration before Tribunal - Both parties asserted for remanding matter to Tribunal for reconsideration- Whether matter be remanded back - Held, yes [Para 4] [Matter remanded]
Mrs. Mauna M. Bhatt, Advocate for the Appellant. Tushar P. Hemani, Advocate and Ms. Vaibhavi K. Parikh, Advocates for the Respondent.