https://www.taxtmi.com/caselaws?id=36188 The High Court of Orissa ruled in favor of the assessee, holding that penalty proceedings under section 273(b) of the Income-tax Act cannot be initiated for assessments conducted under section 147 as they do not fall within the scope of "regular assessment." The Court upheld the decision to delete the penalties, emphasizing the importance of harmonious construction of statutory provisions and citing precedents from various High Courts. The revenue was directed to bear costs and a consolidated hearing fee, with Judge N. K. Das concurring with the judgment. en-us Tue, 09 Sep 1980 00:00:00 +0530 Fri, 19 Mar 2010 18:44:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36188 The High Court of Orissa ruled in favor of the assessee, holding that penalty proceedings under section 273(b) of the Income-tax Act cannot be initiated for assessments conducted under section 147 as they do not fall within the scope of "regular assessment." The Court upheld the decision to delete the penalties, emphasizing the importance of harmonious construction of statutory provisions and citing precedents from various High Courts. The revenue was directed to bear costs and a consolidated hearing fee, with Judge N. K. Das concurring with the judgment. Case-Laws Income Tax Tue, 09 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36188