https://www.taxtmi.com/caselaws?id=64398 The Tribunal upheld the rectified penalty amount of Rs. 14,810 imposed on a registered firm for the assessment year 1975-76. The original penalty order under section 271(1)(c) was deemed final as it was unchallenged, allowing for rectification under section 154. The AAC's jurisdiction was limited to the penalty quantum, which was found to be correctly computed by the ITO. The decision emphasized the finality of the original penalty order and the restricted scope of appellate review in penalty imposition matters. en-us Tue, 07 Jun 1983 00:00:00 +0530 Mon, 07 Feb 2011 16:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64398 The Tribunal upheld the rectified penalty amount of Rs. 14,810 imposed on a registered firm for the assessment year 1975-76. The original penalty order under section 271(1)(c) was deemed final as it was unchallenged, allowing for rectification under section 154. The AAC's jurisdiction was limited to the penalty quantum, which was found to be correctly computed by the ITO. The decision emphasized the finality of the original penalty order and the restricted scope of appellate review in penalty imposition matters. Case-Laws Income Tax Tue, 07 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64398