https://www.taxtmi.com/highlights?id=62739 Revision u/s 263 - Not only the Pr. CIT had on the basis of a misconceived reading of the position of law directed the Assessing Officer to initiate penalty proceedings in the case of the assessee u/s 271AAB of the Act, but he had also exceeded his jurisdiction while issuing such directions. - AT en-us Sat, 02 Apr 2022 12:10:10 +0530 Sat, 02 Apr 2022 12:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62739 Revision u/s 263 - Not only the Pr. CIT had on the basis of a misconceived reading of the position of law directed the Assessing Officer to initiate penalty proceedings in the case of the assessee u/s 271AAB of the Act, but he had also exceeded his jurisdiction while issuing such directions. - AT Highlights Income Tax Sat, 02 Apr 2022 12:10:10 +0530 https://www.taxtmi.com/highlights?id=62739