https://www.taxtmi.com/caselaws?id=216676 The court upheld the jurisdiction of the Assessing Officer (AO) at Agra, dismissing the challenge to the assessment order and penalty proceedings. The court found that the petitioner had acquiesced to the jurisdiction by participating in the proceedings at Agra and not objecting initially. It concluded that the AO followed due process in making the assessment and penalty orders, based on thorough investigations into alleged concealment and money laundering activities. The court upheld the protective assessment on the petitioner company and substantive assessment on another individual, emphasizing the revenue's interest in imposing penalties for non-compliance. en-us Thu, 13 Sep 2012 00:00:00 +0530 Mon, 17 Sep 2012 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216676 The court upheld the jurisdiction of the Assessing Officer (AO) at Agra, dismissing the challenge to the assessment order and penalty proceedings. The court found that the petitioner had acquiesced to the jurisdiction by participating in the proceedings at Agra and not objecting initially. It concluded that the AO followed due process in making the assessment and penalty orders, based on thorough investigations into alleged concealment and money laundering activities. The court upheld the protective assessment on the petitioner company and substantive assessment on another individual, emphasizing the revenue's interest in imposing penalties for non-compliance. Case-Laws Income Tax Thu, 13 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216676