https://www.taxtmi.com/caselaws?id=339972 The Tribunal partly allowed the appeal for AY 2010-11, upholding the Commissioner's action under Section 263 for the failure to conduct inquiries on specific expenditures and deductions. However, the Tribunal ruled that the Commissioner cannot direct the Assessing Officer to initiate penalty proceedings under Section 271(1)(c). For AY 2008-09, the Tribunal allowed the appeal, stating that the Commissioner's action under Section 263 for non-initiation of penalty proceedings was not justified. The Tribunal emphasized the distinction between penalty and assessment proceedings, asserting that the Commissioner cannot mandate penalty proceedings post-assessment. en-us Tue, 10 Jan 2017 00:00:00 +0530 Sat, 11 Mar 2017 07:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339972 The Tribunal partly allowed the appeal for AY 2010-11, upholding the Commissioner's action under Section 263 for the failure to conduct inquiries on specific expenditures and deductions. However, the Tribunal ruled that the Commissioner cannot direct the Assessing Officer to initiate penalty proceedings under Section 271(1)(c). For AY 2008-09, the Tribunal allowed the appeal, stating that the Commissioner's action under Section 263 for non-initiation of penalty proceedings was not justified. The Tribunal emphasized the distinction between penalty and assessment proceedings, asserting that the Commissioner cannot mandate penalty proceedings post-assessment. Case-Laws Income Tax Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339972