[aaykarbhavan] AO’s discretion to initiate penalty proceedings couldn’t be vitiated by revisional order of CIT

 

AO's discretion to initiate penalty proceedings couldn't be vitiated by revisional order of CIT

July 17, 2014[2014] 46 taxmann.com 168 (Chandigarh - Trib.)

IT : In terms of section 271AAA, Assessing Officer has discretionary power to initiate penalty proceedings and, therefore, revisional order under section 263 cannot be passed for directing Assessing Officer to initiate penalty proceedings

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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