https://www.taxtmi.com/caselaws?id=180015 The HC dismissed the Revenue's appeal under Section 260-A of the Income Tax Act, affirming the Tribunal's decision that the penalty order under Section 271(1)(c) was unsustainable. The Tribunal found the penalty order lacked jurisdiction as the AO failed to record satisfaction in the assessment order. The HC agreed, noting no false particulars or undisclosed material facts by the Assessee, and concluded there was no justification for the penalty. The appeal was dismissed as no substantial question of law arose, upholding the Tribunal's decision. en-us Mon, 10 Dec 2007 00:00:00 +0530 Thu, 25 Jan 2024 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180015 The HC dismissed the Revenue's appeal under Section 260-A of the Income Tax Act, affirming the Tribunal's decision that the penalty order under Section 271(1)(c) was unsustainable. The Tribunal found the penalty order lacked jurisdiction as the AO failed to record satisfaction in the assessment order. The HC agreed, noting no false particulars or undisclosed material facts by the Assessee, and concluded there was no justification for the penalty. The appeal was dismissed as no substantial question of law arose, upholding the Tribunal's decision. Case-Laws Income Tax Mon, 10 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180015