https://www.taxtmi.com/caselaws?id=409457 The Tribunal held that the Principal Commissioner of Income Tax's order directing the Assessing Officer to initiate penalty proceedings under Section 271(1)(c) was unsustainable. It emphasized the separation of assessment and penalty proceedings, concluding that the Principal Commissioner lacked authority to direct penalty initiation under Section 263. As the assessee had revised her return before any detection of error by the Assessing Officer, the Tribunal invalidated the Principal Commissioner's order and allowed the assessee's appeal. en-us Wed, 07 Jul 2021 00:00:00 +0530 Thu, 08 Jul 2021 08:46:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409457 The Tribunal held that the Principal Commissioner of Income Tax's order directing the Assessing Officer to initiate penalty proceedings under Section 271(1)(c) was unsustainable. It emphasized the separation of assessment and penalty proceedings, concluding that the Principal Commissioner lacked authority to direct penalty initiation under Section 263. As the assessee had revised her return before any detection of error by the Assessing Officer, the Tribunal invalidated the Principal Commissioner's order and allowed the assessee's appeal. Case-Laws Income Tax Wed, 07 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409457