https://www.taxtmi.com/caselaws?id=35620 The High Court of Madhya Pradesh affirmed the Tribunal's decision that the Income-tax Appellate Commissioner (IAC) exceeded jurisdiction by expanding penalty proceedings based on the original return filed by the assessee. The IAC's authority is limited to issues raised by the Income Tax Officer (ITO), and any additional findings are impermissible. As the penalty was related to alleged concealment not found by the IAC, referencing the original return was deemed beyond the IAC's purview. The Court ruled in favor of the assessee, upholding the Tribunal's decision, directing parties to bear their own costs. en-us Wed, 22 Oct 1980 00:00:00 +0530 Mon, 15 Mar 2010 16:04:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35620 The High Court of Madhya Pradesh affirmed the Tribunal's decision that the Income-tax Appellate Commissioner (IAC) exceeded jurisdiction by expanding penalty proceedings based on the original return filed by the assessee. The IAC's authority is limited to issues raised by the Income Tax Officer (ITO), and any additional findings are impermissible. As the penalty was related to alleged concealment not found by the IAC, referencing the original return was deemed beyond the IAC's purview. The Court ruled in favor of the assessee, upholding the Tribunal's decision, directing parties to bear their own costs. Case-Laws Income Tax Wed, 22 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35620