https://www.taxtmi.com/caselaws?id=10356 The High Court affirmed the Commissioner of Income-tax's jurisdiction to direct the initiation of penalty proceedings under the Income-tax Act. The Court held that the failure to initiate penalty proceedings during assessment could render the order erroneous and prejudicial to revenue, justifying revision under section 263 of the Act. Consequently, the Court ruled in favor of the Revenue, answering the legal question in the negative and supporting the Commissioner's authority in this regard, with no order as to costs. en-us Wed, 08 Sep 2004 00:00:00 +0530 Tue, 14 Jul 2009 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10356 The High Court affirmed the Commissioner of Income-tax's jurisdiction to direct the initiation of penalty proceedings under the Income-tax Act. The Court held that the failure to initiate penalty proceedings during assessment could render the order erroneous and prejudicial to revenue, justifying revision under section 263 of the Act. Consequently, the Court ruled in favor of the Revenue, answering the legal question in the negative and supporting the Commissioner's authority in this regard, with no order as to costs. Case-Laws Income Tax Wed, 08 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10356