https://www.taxtmi.com/caselaws?id=383862 The Tribunal upheld the Principal Commissioner of Income Tax's decision to revise the assessment order under Section 263 of the Income Tax Act. The Tribunal found that the Assessing Officer's failure to initiate penalty proceedings under Section 271(1)(c) and to include interest income under Section 244A in the taxable income justified the revision. The appeal was dismissed, affirming the validity of the PCIT's actions in revising the assessment order. en-us Fri, 26 Jul 2019 00:00:00 +0530 Wed, 31 Jul 2019 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383862 The Tribunal upheld the Principal Commissioner of Income Tax's decision to revise the assessment order under Section 263 of the Income Tax Act. The Tribunal found that the Assessing Officer's failure to initiate penalty proceedings under Section 271(1)(c) and to include interest income under Section 244A in the taxable income justified the revision. The appeal was dismissed, affirming the validity of the PCIT's actions in revising the assessment order. Case-Laws Income Tax Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383862