TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of The ITAT set aside the penalty imposed under section 271DA of the Act due to the absence of recorded satisfaction in the quantum assessment order, a mandatory prerequisite for levying such penalty. Drawing analogy from the Supreme Court's ruling in a case concerning section 271E, where penalties were quashed for lack of recorded satisfaction, the tribunal held that the same principle applies to penalties under section 271DA. Consequently, the penalty imposed without the requisite satisfaction recording was held invalid. The appeal filed by the assessee was allowed, and the penalty under section 271DA was cancelled.
TaxTMI 
TaxTMI 
