https://www.taxtmi.com/caselaws?id=426384 The appeal was allowed, and the order passed by the PCIT under section 263 was quashed. The Tribunal held that the PCIT cannot direct the AO to initiate penalty proceedings and that the AO's decision to initiate penalty proceedings under section 271AAB(1A) was a conscious and valid decision. en-us Wed, 10 Aug 2022 00:00:00 +0530 Sat, 13 Aug 2022 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426384 The appeal was allowed, and the order passed by the PCIT under section 263 was quashed. The Tribunal held that the PCIT cannot direct the AO to initiate penalty proceedings and that the AO's decision to initiate penalty proceedings under section 271AAB(1A) was a conscious and valid decision. Case-Laws Income Tax Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426384