https://www.taxtmi.com/caselaws?id=391923 The High Court upheld the Assessing Officer's jurisdiction to levy the penalty based on the initial order's endorsement, despite a remand order by the Commissioner of Income Tax (Appeals). The Court emphasized that the remand order did not nullify the penalty proceedings, allowing them to continue if the Assessing Officer maintained the original assessment upon reconsideration. The parties were directed to appear before the Commissioner of Income Tax (Appeals) for further proceedings on the penalty issue, with all contentions left open for determination. The appeal was dismissed, affirming the Assessing Officer's authority to proceed with the penalty levy. en-us Tue, 04 Feb 2020 00:00:00 +0530 Mon, 10 Feb 2020 08:51:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391923 The High Court upheld the Assessing Officer's jurisdiction to levy the penalty based on the initial order's endorsement, despite a remand order by the Commissioner of Income Tax (Appeals). The Court emphasized that the remand order did not nullify the penalty proceedings, allowing them to continue if the Assessing Officer maintained the original assessment upon reconsideration. The parties were directed to appear before the Commissioner of Income Tax (Appeals) for further proceedings on the penalty issue, with all contentions left open for determination. The appeal was dismissed, affirming the Assessing Officer's authority to proceed with the penalty levy. Case-Laws Income Tax Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391923