https://www.taxtmi.com/caselaws?id=3016 The High Court of Delhi dismissed the Revenue's appeal challenging the initiation of penalty proceedings under Section 271(1)(c) of the Income Tax Act, 1961. The Court held that the Assessing Officer did not properly record satisfaction before initiating the penalty proceedings, as required by law. Despite settled legal principles on this issue, the Revenue's continued filing of appeals without merit was criticized for contributing to a backlog of cases. The Court imposed costs on the Revenue and directed them to deposit the costs for utilization in juvenile justice within a specified time frame. Compliance was scheduled for a future date. en-us Fri, 25 Jan 2008 00:00:00 +0530 Wed, 30 Jul 2008 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3016 The High Court of Delhi dismissed the Revenue's appeal challenging the initiation of penalty proceedings under Section 271(1)(c) of the Income Tax Act, 1961. The Court held that the Assessing Officer did not properly record satisfaction before initiating the penalty proceedings, as required by law. Despite settled legal principles on this issue, the Revenue's continued filing of appeals without merit was criticized for contributing to a backlog of cases. The Court imposed costs on the Revenue and directed them to deposit the costs for utilization in juvenile justice within a specified time frame. Compliance was scheduled for a future date. Case-Laws Income Tax Fri, 25 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3016