https://www.taxtmi.com/caselaws?id=220353 The court allowed the appeal, setting aside the Tribunal's decision and remitting the case for further adjudication on the issue of penalty imposition under Section 271(1)(c) and 273(2)(a) in accordance with the law. The judgment clarified the interpretation of Section 271(1B) and highlighted the significance of assessing the satisfaction recorded by the Assessing Officer for penalty initiation. en-us Wed, 01 Aug 2012 00:00:00 +0530 Mon, 21 Jan 2013 07:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220353 The court allowed the appeal, setting aside the Tribunal's decision and remitting the case for further adjudication on the issue of penalty imposition under Section 271(1)(c) and 273(2)(a) in accordance with the law. The judgment clarified the interpretation of Section 271(1B) and highlighted the significance of assessing the satisfaction recorded by the Assessing Officer for penalty initiation. Case-Laws Income Tax Wed, 01 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220353