https://www.taxtmi.com/caselaws?id=8287 The High Court ruled in favor of the assessee, determining that the Inspecting Assistant Commissioner's action constituted a valid order under section 274(2) for penalty proceedings. The Court held that the Income-tax Officer's subsequent entry did not qualify as an order under section 263(1), thereby affirming the lack of jurisdiction for the Commissioner under section 263(1). Costs and counsel's fee were granted to the assessee. en-us Wed, 10 Mar 1971 00:00:00 +0530 Thu, 09 Apr 2009 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8287 The High Court ruled in favor of the assessee, determining that the Inspecting Assistant Commissioner's action constituted a valid order under section 274(2) for penalty proceedings. The Court held that the Income-tax Officer's subsequent entry did not qualify as an order under section 263(1), thereby affirming the lack of jurisdiction for the Commissioner under section 263(1). Costs and counsel's fee were granted to the assessee. Case-Laws Income Tax Wed, 10 Mar 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8287