Pr. CIT Exceeds Jurisdiction by Misinterpreting Law, Wrongly Directs Penalty Proceedings u/s 271AAB.

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....Revision u/s 263 - Not only the Pr. CIT had on the basis of a misconceived reading of the position of law directed the Assessing Officer to initiate penalty proceedings in the case of the assessee u/s 271AAB of the Act, but he had also exceeded his jurisdiction while issuing such directions. - AT....