https://www.taxtmi.com/caselaws?id=367502 The Tribunal held that the Commissioner of Income Tax (Appeals) lacked jurisdiction to initiate penalty proceedings under section 271(1)(c) when penalty proceedings under section 271AAB had already been initiated by the Assessing Officer. The penalty under section 271(1)(c) was quashed, emphasizing the need for adherence to procedural requirements. The assessee's appeal was allowed, highlighting the significance of complying with statutory provisions in penalty proceedings. en-us Mon, 17 Sep 2018 00:00:00 +0530 Fri, 21 Sep 2018 08:26:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367502 The Tribunal held that the Commissioner of Income Tax (Appeals) lacked jurisdiction to initiate penalty proceedings under section 271(1)(c) when penalty proceedings under section 271AAB had already been initiated by the Assessing Officer. The penalty under section 271(1)(c) was quashed, emphasizing the need for adherence to procedural requirements. The assessee's appeal was allowed, highlighting the significance of complying with statutory provisions in penalty proceedings. Case-Laws Income Tax Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367502