https://www.taxtmi.com/caselaws?id=281089 The Tribunal held that the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 was unsustainable as the Assessing Officer lacked jurisdiction to initiate penalty proceedings based on documents from a different assessment year. The Tribunal emphasized the independence of penalty and assessment proceedings, setting aside the penalty imposed on the appellant. en-us Fri, 27 Nov 2015 00:00:00 +0530 Mon, 03 Jun 2019 20:13:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281089 The Tribunal held that the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 was unsustainable as the Assessing Officer lacked jurisdiction to initiate penalty proceedings based on documents from a different assessment year. The Tribunal emphasized the independence of penalty and assessment proceedings, setting aside the penalty imposed on the appellant. Case-Laws Income Tax Fri, 27 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281089