https://www.taxtmi.com/caselaws?id=69348 The Tribunal ruled in favor of the Revenue in an appeal against the cancellation of a penalty imposed under section 271(1)(C) of the IT Act. It held that the assessing officer had jurisdiction to proceed with the penalty without referral to the IAC, based on the law applicable at the initiation of penalty proceedings. The CIT(A)'s decision to cancel the penalty was overturned, and the appeal was allowed on the issue of jurisdiction. The Tribunal also granted the assessee a fresh opportunity to present arguments before the CIT(A) for proper disposal of the appeal. en-us Fri, 09 Jul 1982 00:00:00 +0530 Wed, 06 Apr 2011 13:04:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69348 The Tribunal ruled in favor of the Revenue in an appeal against the cancellation of a penalty imposed under section 271(1)(C) of the IT Act. It held that the assessing officer had jurisdiction to proceed with the penalty without referral to the IAC, based on the law applicable at the initiation of penalty proceedings. The CIT(A)'s decision to cancel the penalty was overturned, and the appeal was allowed on the issue of jurisdiction. The Tribunal also granted the assessee a fresh opportunity to present arguments before the CIT(A) for proper disposal of the appeal. Case-Laws Income Tax Fri, 09 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69348