https://www.taxtmi.com/caselaws?id=347418 The High Court upheld the order passed by the Principal Commissioner of Income Tax-II under Section 264 of the Income Tax Act, 1961. The Court found no irregularities in the order, noting that the revisional authority had thoroughly examined the facts before dismissing the petitioner's revision petition. Emphasizing the importance of compliance with notices and deadlines, the Court concluded that the petitioner's failure to explain the deposited amount led to the ex-parte assessment order and penalty notice. Consequently, the Court dismissed the petition, holding the petitioner accountable for the situation. en-us Tue, 04 Jul 2017 00:00:00 +0530 Mon, 04 Sep 2017 09:00:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347418 The High Court upheld the order passed by the Principal Commissioner of Income Tax-II under Section 264 of the Income Tax Act, 1961. The Court found no irregularities in the order, noting that the revisional authority had thoroughly examined the facts before dismissing the petitioner's revision petition. Emphasizing the importance of compliance with notices and deadlines, the Court concluded that the petitioner's failure to explain the deposited amount led to the ex-parte assessment order and penalty notice. Consequently, the Court dismissed the petition, holding the petitioner accountable for the situation. Case-Laws Income Tax Tue, 04 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347418