https://www.taxtmi.com/caselaws?id=415980 The Tribunal quashed the revision order passed by the PCIT, holding that the CIT cannot set aside the assessment order solely for the purpose of initiating penalty proceedings in exercise of revisional jurisdiction. The appeal of the assessee was allowed, and the order pronounced in the open court on 23.11.2021. en-us Tue, 23 Nov 2021 00:00:00 +0530 Fri, 17 Dec 2021 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415980 The Tribunal quashed the revision order passed by the PCIT, holding that the CIT cannot set aside the assessment order solely for the purpose of initiating penalty proceedings in exercise of revisional jurisdiction. The appeal of the assessee was allowed, and the order pronounced in the open court on 23.11.2021. Case-Laws Income Tax Tue, 23 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415980