https://www.taxtmi.com/caselaws?id=185043 Penalty proceedings require the assessing authority to record its own satisfaction before initiation. As the assessment order did not record that foundational satisfaction, no substantial question of law arose under section 260A of the Income-tax Act, 1961, and the Revenue's appeal was dismissed as not maintainable on merits. en-us Mon, 01 Nov 2004 00:00:00 +0530 Thu, 28 Jul 2016 17:33:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185043 Penalty proceedings require the assessing authority to record its own satisfaction before initiation. As the assessment order did not record that foundational satisfaction, no substantial question of law arose under section 260A of the Income-tax Act, 1961, and the Revenue's appeal was dismissed as not maintainable on merits. Case-Laws Income Tax Mon, 01 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185043