Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (9) TMI 46 - HC - Income Tax"Whether Tribunal was justified in law in holding that the Commissioner of Income-tax had no jurisdiction to direct the Income-tax Officer to initiate the penalty proceedings under section 273(b) and under section 140A?" - Held that non-initiation of penalty proceeding by the assessing authority in the course of assessment proceedings, also renders the order erroneous and prejudicial to the interests of the Revenue and, therefore, can be the subject-matter of revision under section 263 – Thus we answer the question of law referred to us in the negative, i.e., in favour of the Revenue and against the assessee.
|