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2016 (5) TMI 759 - AT - Income TaxPenalty u/s 271(1)(c ) - addition u/s 69 - Held that:- CIT(A) in this case has travelled beyond his jurisdiction in levying the penalty u/s 271(1)(c ) of the Act. It is well settled that penalty can be levied by the Ld.CIT(A) only with respect to enhancement of assessment. In this case there is no enhancement of assessment. Moreover when the AO had initiated penalty proceedings u/s 271(1)(c) of the Act and dropped the same, the Ld.CIT(A) does not have any jurisdiction to reinitiate such proceedings or start a fresh proceedings. Thus on this ground alone the penalty is to be quashed. - Decided in favour of assessee
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