https://www.taxtmi.com/caselaws?id=357883 The High Court dismissed the appeal by the Commissioner of Income Tax, Chennai, upholding the ITAT's decision to set aside the Principal Commissioner's direction to the Assessing Officer to initiate penalty proceedings under Section 271(1)(c). The High Court concluded that the Principal Commissioner overstepped by directing the initiation of penalty proceedings without any conclusive findings by the Assessing Officer on the concealment of income or furnishing inaccurate particulars. en-us Tue, 30 Jan 2018 00:00:00 +0530 Sat, 31 Mar 2018 07:19:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357883 The High Court dismissed the appeal by the Commissioner of Income Tax, Chennai, upholding the ITAT's decision to set aside the Principal Commissioner's direction to the Assessing Officer to initiate penalty proceedings under Section 271(1)(c). The High Court concluded that the Principal Commissioner overstepped by directing the initiation of penalty proceedings without any conclusive findings by the Assessing Officer on the concealment of income or furnishing inaccurate particulars. Case-Laws Income Tax Tue, 30 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357883