https://www.taxtmi.com/highlights?id=30249 Non-levy of Penalty u/s 271AAA - revision u/s 263 - AO being quasi judicial authority has not initiated the penalty proceedings in the assessment order is his jurisdictional authority. The ld. CIT cannot just substitute the authority of the AO with his opinion. - AT en-us Mon, 11 Jul 2016 13:41:27 +0530 Mon, 11 Jul 2016 13:41:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30249 Non-levy of Penalty u/s 271AAA - revision u/s 263 - AO being quasi judicial authority has not initiated the penalty proceedings in the assessment order is his jurisdictional authority. The ld. CIT cannot just substitute the authority of the AO with his opinion. - AT Highlights Income Tax Mon, 11 Jul 2016 13:41:27 +0530 https://www.taxtmi.com/highlights?id=30249