https://www.taxtmi.com/caselaws?id=217141 The court dismissed the appeal, ruling that the initiation of penalty proceedings under Section 271(1)(C) of the Income Tax Act was not justified as there was no evidence of concealment of income based on the final assessment order. The court emphasized that the Assessing Officer did not make any adverse findings or express any intention to initiate penalty proceedings, concluding that the penalty proceedings were without jurisdiction. en-us Wed, 05 Sep 2012 00:00:00 +0530 Wed, 03 Oct 2012 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217141 The court dismissed the appeal, ruling that the initiation of penalty proceedings under Section 271(1)(C) of the Income Tax Act was not justified as there was no evidence of concealment of income based on the final assessment order. The court emphasized that the Assessing Officer did not make any adverse findings or express any intention to initiate penalty proceedings, concluding that the penalty proceedings were without jurisdiction. Case-Laws Income Tax Wed, 05 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217141