https://www.taxtmi.com/caselaws?id=10355 The High Court held that the Tribunal erred in finding that the failure to initiate penalty proceedings did not make the assessment order erroneous and prejudicial to Revenue interests. The Commissioner of Income-tax was deemed to have the authority to revise such orders. The Court ruled in favor of the Revenue, concluding that the assessment order was indeed erroneous and prejudicial. The appeal was allowed in part, with no costs ordered. en-us Wed, 01 Sep 2004 00:00:00 +0530 Tue, 14 Jul 2009 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10355 The High Court held that the Tribunal erred in finding that the failure to initiate penalty proceedings did not make the assessment order erroneous and prejudicial to Revenue interests. The Commissioner of Income-tax was deemed to have the authority to revise such orders. The Court ruled in favor of the Revenue, concluding that the assessment order was indeed erroneous and prejudicial. The appeal was allowed in part, with no costs ordered. Case-Laws Income Tax Wed, 01 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10355