https://www.taxtmi.com/caselaws?id=21233 Whether the Commissioner may invoke revisional jurisdiction to direct initiation of penalty proceedings was examined; the court applied precedent that penalty proceedings are independent of assessment proceedings and that failure by assessing authorities to initiate penalty does not render an assessment order erroneous or prejudicial to revenue. Applying this principle, the Tribunal was correct to hold that directing initiation of penalty proceedings could not be effected through revisional power, and the outcome favoured the assessee with the Commissioner's direction set aside insofar as it sought penalty initiation. en-us Wed, 22 Apr 1992 00:00:00 +0530 Sat, 21 Nov 2009 10:12:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21233 Whether the Commissioner may invoke revisional jurisdiction to direct initiation of penalty proceedings was examined; the court applied precedent that penalty proceedings are independent of assessment proceedings and that failure by assessing authorities to initiate penalty does not render an assessment order erroneous or prejudicial to revenue. Applying this principle, the Tribunal was correct to hold that directing initiation of penalty proceedings could not be effected through revisional power, and the outcome favoured the assessee with the Commissioner's direction set aside insofar as it sought penalty initiation. Case-Laws Income Tax Wed, 22 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21233