https://www.taxtmi.com/caselaws?id=800240 Section 263 revisional jurisdiction cannot be invoked solely because the Assessing Officer did not initiate penalty proceedings or record satisfaction for penalty in the assessment order. Penalty proceedings are separate and independent from assessment proceedings; therefore, their non-initiation does not by itself make an assessment order erroneous or prejudicial to the interests of the Revenue. Revisional powers cannot be used to direct initiation of penalty proceedings, and a revisionary order founded only on that omission is invalid. en-us Mon, 28 Sep 2026 00:00:00 +0530 Sat, 03 Oct 2026 09:32:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800240 Section 263 revisional jurisdiction cannot be invoked solely because the Assessing Officer did not initiate penalty proceedings or record satisfaction for penalty in the assessment order. Penalty proceedings are separate and independent from assessment proceedings; therefore, their non-initiation does not by itself make an assessment order erroneous or prejudicial to the interests of the Revenue. Revisional powers cannot be used to direct initiation of penalty proceedings, and a revisionary order founded only on that omission is invalid. Case-Laws Income Tax Mon, 28 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800240