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Hi Sagar If the link profile is bad - which isn't a Panda issue - I would not redirect the domain.  Not sure if there is confusion here in your penalty definitions, so I'll cover all bases. In terms of a Panda penalty, ie a thin content/duplicate/spammy on-page website, I've yet to see that penalty pass on to a new domain when redirected.  However, a bad link profile penalty (often a Penguin penalty) I have definitely seen passed on through a 301 redirect.  The penalty doesn't take hold immediately on a new domain, but it does eventually and is something of a ticking time bomb. For that reason, I wouldn't want to 301 redirect the domain until I removed a good majority of the bad links in the link profile of the old domain. I hope that helps.