https://www.taxtmi.com/caselaws?id=419997 The High Court of Kerala upheld the assessing officer's jurisdiction to initiate penalty proceedings under section 271(1)(c) of the Income Tax Act after a remand order under section 263. The court found that the satisfaction for penalty initiation was validly expressed in the subsequent assessment order. Consequently, the writ petition challenging the penalty order was dismissed, granting the petitioner the option to pursue statutory remedies by way of appeal. en-us Tue, 15 Feb 2022 00:00:00 +0530 Thu, 24 Mar 2022 09:23:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419997 The High Court of Kerala upheld the assessing officer's jurisdiction to initiate penalty proceedings under section 271(1)(c) of the Income Tax Act after a remand order under section 263. The court found that the satisfaction for penalty initiation was validly expressed in the subsequent assessment order. Consequently, the writ petition challenging the penalty order was dismissed, granting the petitioner the option to pursue statutory remedies by way of appeal. Case-Laws Income Tax Tue, 15 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419997