https://www.taxtmi.com/news?id=322 When an assessment or reassessment order makes additions or disallowances and directs initiation of penalty proceedings, that order shall be deemed to constitute the assessing officer's satisfaction for initiating penalty proceedings; the amendment is retrospective to protect revenue contentions, but the assessing officer must still record satisfaction before levying the penalty, and taxpayers retain the right to contest the levy on merits. en-us Fri, 14 Mar 2008 23:26:00 +0530 Tue, 24 Jun 2008 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=322 When an assessment or reassessment order makes additions or disallowances and directs initiation of penalty proceedings, that order shall be deemed to constitute the assessing officer's satisfaction for initiating penalty proceedings; the amendment is retrospective to protect revenue contentions, but the assessing officer must still record satisfaction before levying the penalty, and taxpayers retain the right to contest the levy on merits. News - Fri, 14 Mar 2008 23:26:00 +0530 https://www.taxtmi.com/news?id=322