https://www.taxtmi.com/highlights?id=62039 Revision u/s 263 to impose a penalty u/s 271(1)(c) - CIT merely set aside the assessment order in its entirety and remanded the case for a fresh consideration by the assessing officer - Thus, while issuing the order of assessment the assessing officer was bestowed with all powers as in an original assessment, including the power to express his satisfaction for initiating penalty proceedings. - Writ petition dismissed - HC en-us Mon, 21 Feb 2022 08:19:21 +0530 Mon, 21 Feb 2022 08:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62039 Revision u/s 263 to impose a penalty u/s 271(1)(c) - CIT merely set aside the assessment order in its entirety and remanded the case for a fresh consideration by the assessing officer - Thus, while issuing the order of assessment the assessing officer was bestowed with all powers as in an original assessment, including the power to express his satisfaction for initiating penalty proceedings. - Writ petition dismissed - HC Highlights Income Tax Mon, 21 Feb 2022 08:19:21 +0530 https://www.taxtmi.com/highlights?id=62039