https://www.taxtmi.com/caselaws?id=204961 The Punjab and Haryana High Court ruled against the revenue, affirming that the Commissioner lacked jurisdiction to direct penalty proceedings under Section 271(1)(c) of the Income Tax Act while exercising powers under Section 263. The Court found that the amendment empowering the Commissioner to levy penalties was not applicable to the case governed by the unamended provision. Consequently, the Court dismissed the appeal, emphasizing that the issue had been settled in a prior judgment. en-us Wed, 12 Jan 2011 00:00:00 +0530 Fri, 12 Aug 2011 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204961 The Punjab and Haryana High Court ruled against the revenue, affirming that the Commissioner lacked jurisdiction to direct penalty proceedings under Section 271(1)(c) of the Income Tax Act while exercising powers under Section 263. The Court found that the amendment empowering the Commissioner to levy penalties was not applicable to the case governed by the unamended provision. Consequently, the Court dismissed the appeal, emphasizing that the issue had been settled in a prior judgment. Case-Laws Income Tax Wed, 12 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204961