https://www.taxtmi.com/caselaws?id=187295 For initiation of penalty proceedings under section 271 of the Income-tax Act, recorded satisfaction is a jurisdictional precondition and must ordinarily reflect proper application of mind, but no rigid statutory form is prescribed; the order is to be read as a whole to see whether the requisite satisfaction is otherwise discernible. In view of earlier decisions, the court did not finally determine the point and referred the substantial question of law to a Full Bench for authoritative consideration and final disposal of the matters. en-us Fri, 02 Jun 2006 00:00:00 +0530 Mon, 17 Oct 2016 16:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187295 For initiation of penalty proceedings under section 271 of the Income-tax Act, recorded satisfaction is a jurisdictional precondition and must ordinarily reflect proper application of mind, but no rigid statutory form is prescribed; the order is to be read as a whole to see whether the requisite satisfaction is otherwise discernible. In view of earlier decisions, the court did not finally determine the point and referred the substantial question of law to a Full Bench for authoritative consideration and final disposal of the matters. Case-Laws Income Tax Fri, 02 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187295