https://www.taxtmi.com/caselaws?id=58359 The Tribunal partly allowed the appeal, setting aside the direction to charge interest under section 139(8) but confirming the directive to initiate penalty proceedings under section 271(1)(a) based on errors found in the assessment order. The Commissioner was found to have jurisdiction to take action under section 263 regarding errors in charging interest and initiating penalty proceedings. The Tribunal referenced decisions from the Madhya Pradesh and Madras High Courts to support its decision. en-us Sat, 16 Jan 1982 00:00:00 +0530 Sat, 18 Dec 2010 16:33:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58359 The Tribunal partly allowed the appeal, setting aside the direction to charge interest under section 139(8) but confirming the directive to initiate penalty proceedings under section 271(1)(a) based on errors found in the assessment order. The Commissioner was found to have jurisdiction to take action under section 263 regarding errors in charging interest and initiating penalty proceedings. The Tribunal referenced decisions from the Madhya Pradesh and Madras High Courts to support its decision. Case-Laws Income Tax Sat, 16 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58359