https://www.taxtmi.com/caselaws?id=57272 The Tribunal affirmed the Single Member Bench's jurisdiction in deciding the appeal concerning a penalty under section 271B of the IT Act, 1961. The Tribunal rejected the assessee's challenge to the jurisdiction, emphasizing that the appeal was appropriately before the Single Member Bench. Additionally, the Tribunal dismissed the application for rectification of the order in ITA No. 259/Asr/1995, citing legal limitations under section 254(2) of the IT Act and precedent, ultimately concluding that the rectification application was not maintainable. en-us Thu, 30 Nov 2000 00:00:00 +0530 Thu, 09 Dec 2010 12:31:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57272 The Tribunal affirmed the Single Member Bench's jurisdiction in deciding the appeal concerning a penalty under section 271B of the IT Act, 1961. The Tribunal rejected the assessee's challenge to the jurisdiction, emphasizing that the appeal was appropriately before the Single Member Bench. Additionally, the Tribunal dismissed the application for rectification of the order in ITA No. 259/Asr/1995, citing legal limitations under section 254(2) of the IT Act and precedent, ultimately concluding that the rectification application was not maintainable. Case-Laws Income Tax Thu, 30 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57272