https://www.taxtmi.com/caselaws?id=13027 The court held that the Assessing Officer lacked authority to levy penalties under sections 271(1)(a) and 273(c) after the Settlement Commission's order, which did not specifically address penalties. The court ruled in favor of the assessee, stating that the absence of a direction for penalties in the Commission's order should be construed as an exemption from such penalties. Consequently, the Assessing Officer was deemed to have no power to impose penalties, leading to a decision against the Revenue and in favor of the assessee, with no costs awarded. en-us Wed, 03 Oct 2001 00:00:00 +0530 Tue, 26 May 2009 10:19:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13027 The court held that the Assessing Officer lacked authority to levy penalties under sections 271(1)(a) and 273(c) after the Settlement Commission's order, which did not specifically address penalties. The court ruled in favor of the assessee, stating that the absence of a direction for penalties in the Commission's order should be construed as an exemption from such penalties. Consequently, the Assessing Officer was deemed to have no power to impose penalties, leading to a decision against the Revenue and in favor of the assessee, with no costs awarded. Case-Laws Income Tax Wed, 03 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13027