https://www.taxtmi.com/caselaws?id=176976 The appeal challenging the assessment order under section 263 of the Income Tax Act was successful, leading to the order being reframed in accordance with the Act. The tribunal found in favor of the assessee on key points such as non-deduction of tax on commission payment and non-initiation of penalty proceedings, emphasizing the need for consistent application of the law in penalty initiation. The tribunal's analysis resulted in the partial allowance of the appeal, highlighting that the orders were not erroneous or prejudicial to revenue. en-us Wed, 26 Mar 2014 00:00:00 +0530 Fri, 01 Jan 2016 10:51:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176976 The appeal challenging the assessment order under section 263 of the Income Tax Act was successful, leading to the order being reframed in accordance with the Act. The tribunal found in favor of the assessee on key points such as non-deduction of tax on commission payment and non-initiation of penalty proceedings, emphasizing the need for consistent application of the law in penalty initiation. The tribunal's analysis resulted in the partial allowance of the appeal, highlighting that the orders were not erroneous or prejudicial to revenue. Case-Laws Income Tax Wed, 26 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176976