https://www.taxtmi.com/caselaws?id=470565 CBDT guidelines under the Black Money Act required post-assessment penalty proceedings to be handled by the regular Assessing Officer, notwithstanding concurrent jurisdiction granted to the Deputy Director of Income-tax (Investigation). Although the concurrent-jurisdiction order empowered the Deputy Director to perform Assessing Officer functions, the guidelines allowed the investigation officer to issue penalty orders only where prior Joint Commissioner or Joint Director approval was unnecessary. As the penalty required approval under Section 46(4), that exception did not apply. The article states that the Deputy Director lacked jurisdiction and the penalty orders were set aside. en-us Wed, 29 Oct 2025 00:00:00 +0530 Fri, 31 Jul 2026 08:27:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470565 CBDT guidelines under the Black Money Act required post-assessment penalty proceedings to be handled by the regular Assessing Officer, notwithstanding concurrent jurisdiction granted to the Deputy Director of Income-tax (Investigation). Although the concurrent-jurisdiction order empowered the Deputy Director to perform Assessing Officer functions, the guidelines allowed the investigation officer to issue penalty orders only where prior Joint Commissioner or Joint Director approval was unnecessary. As the penalty required approval under Section 46(4), that exception did not apply. The article states that the Deputy Director lacked jurisdiction and the penalty orders were set aside. Case-Laws Income Tax Wed, 29 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470565