https://www.taxtmi.com/caselaws?id=795704 Revisionary jurisdiction could not be exercised over a penalty order after its findings merged with an appellate order. The appellate order in the quantum proceedings accepted the explanation for premium expenditure and directed deletion of the related addition. The appellate order on penalty also recognised that quantum finding and allowed the assessee's substantive grounds. As the penalty order stood merged with the appellate order, it could not be revised as erroneous and prejudicial to Revenue interests; the revision was therefore invalid. en-us Tue, 21 Jul 2026 00:00:00 +0530 Sat, 25 Jul 2026 08:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795704 Revisionary jurisdiction could not be exercised over a penalty order after its findings merged with an appellate order. The appellate order in the quantum proceedings accepted the explanation for premium expenditure and directed deletion of the related addition. The appellate order on penalty also recognised that quantum finding and allowed the assessee's substantive grounds. As the penalty order stood merged with the appellate order, it could not be revised as erroneous and prejudicial to Revenue interests; the revision was therefore invalid. Case-Laws Income Tax Tue, 21 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795704