Revision u/s 263 to impose a penalty u/s 271(1)(c) - CIT merely set aside the assessment order in its...

Revision u/s 263 to impose a penalty u/s 271(1)(c) - CIT merely set aside the assessment order in its entirety and remanded the case for a fresh consideration by the assessing officer - Thus, while issuing the order of assessment the assessing officer was bestowed with all powers as in an original assessment, including the power to express his satisfaction for initiating penalty proceedings. - Writ petition dismissed - HC .....

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