https://www.taxtmi.com/caselaws?id=65289 Penalty proceedings under section 271(1)(c) require the Assessing Officer to form and record satisfaction during the assessment proceedings that income was concealed or inaccurate particulars were furnished. A routine note that penalty is initiated separately is not enough to satisfy this jurisdictional . The relevant examination is confined to the original assessment orders that triggered the penalty, and later appellate or set-aside proceedings cannot cure a defective initiation. On the assessment orders reviewed, no clear recorded finding supported concealment or furnishing of inaccurate particulars, so the penalty initiation was invalid and the penalties could not be sustained. en-us Fri, 23 Nov 2007 00:00:00 +0530 Mon, 14 Feb 2011 17:01:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65289 Penalty proceedings under section 271(1)(c) require the Assessing Officer to form and record satisfaction during the assessment proceedings that income was concealed or inaccurate particulars were furnished. A routine note that penalty is initiated separately is not enough to satisfy this jurisdictional . The relevant examination is confined to the original assessment orders that triggered the penalty, and later appellate or set-aside proceedings cannot cure a defective initiation. On the assessment orders reviewed, no clear recorded finding supported concealment or furnishing of inaccurate particulars, so the penalty initiation was invalid and the penalties could not be sustained. Case-Laws Income Tax Fri, 23 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65289