https://www.taxtmi.com/highlights?id=66988 Levy of penalty - Assessment and penalty proceedings are distinct and separate. To our mind, when the Ld. AO has dropped the penalty proceedings after due consideration of facts and circumstances of the case, the direction of the Ld. Pr. CIT to consider levying penalty under section 271(1)(c) afresh was not in order. - AT en-us Thu, 08 Dec 2022 16:13:18 +0530 Thu, 08 Dec 2022 16:13:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66988 Levy of penalty - Assessment and penalty proceedings are distinct and separate. To our mind, when the Ld. AO has dropped the penalty proceedings after due consideration of facts and circumstances of the case, the direction of the Ld. Pr. CIT to consider levying penalty under section 271(1)(c) afresh was not in order. - AT Highlights Income Tax Thu, 08 Dec 2022 16:13:18 +0530 https://www.taxtmi.com/highlights?id=66988