Deemed satisfaction for penalty initiation: assessment orders recording additions trigger commencement of penalty proceedings under clause (c). Where an amount is added or disallowed in computing an assessee's total income or loss and the assessment or reassessment order contains a direction to initiate penalty proceedings under clause (c) of sub-section (1), that order is deemed to constitute satisfaction of the Assessing Officer for initiation of the penalty proceedings.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deemed satisfaction for penalty initiation: assessment orders recording additions trigger commencement of penalty proceedings under clause (c).
Where an amount is added or disallowed in computing an assessee's total income or loss and the assessment or reassessment order contains a direction to initiate penalty proceedings under clause (c) of sub-section (1), that order is deemed to constitute satisfaction of the Assessing Officer for initiation of the penalty proceedings.
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