https://www.taxtmi.com/caselaws?id=39519 The Court held that the Income-tax Officer lacked jurisdiction to demand the annual return under section 206 of the Income-tax Act, resulting in the quashing of the notices and penalty proceedings initiated by the Officer under section 276(b). The ruling emphasized the necessity for the Officer to have the appropriate jurisdiction as per the Rules, ultimately nullifying the actions taken by the Officer. The petitioner's liability for penalties was not addressed, preserving the right of the competent Officer to take lawful actions. en-us Tue, 29 May 1973 00:00:00 +0530 Fri, 16 Apr 2010 18:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39519 The Court held that the Income-tax Officer lacked jurisdiction to demand the annual return under section 206 of the Income-tax Act, resulting in the quashing of the notices and penalty proceedings initiated by the Officer under section 276(b). The ruling emphasized the necessity for the Officer to have the appropriate jurisdiction as per the Rules, ultimately nullifying the actions taken by the Officer. The petitioner's liability for penalties was not addressed, preserving the right of the competent Officer to take lawful actions. Case-Laws Income Tax Tue, 29 May 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39519