https://www.taxtmi.com/caselaws?id=188505 The Court dismissed the Revenue's appeal against the order imposing a penalty under Section 271(1)(c) of the Income Tax Act for Assessment Year 1995-96. The Tribunal allowed the Assessee's appeal, citing the absence of recorded satisfaction by the Assessing Officer regarding concealment of facts or furnishing inaccurate particulars. The Court found no substantial question of law, emphasizing the lack of discernible satisfaction in the assessment order. Consequently, the appeal challenging the penalty proceedings was dismissed based on the interpretation of information provided by the Assessee. en-us Tue, 09 Oct 2007 00:00:00 +0530 Sat, 03 Dec 2016 12:39:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188505 The Court dismissed the Revenue's appeal against the order imposing a penalty under Section 271(1)(c) of the Income Tax Act for Assessment Year 1995-96. The Tribunal allowed the Assessee's appeal, citing the absence of recorded satisfaction by the Assessing Officer regarding concealment of facts or furnishing inaccurate particulars. The Court found no substantial question of law, emphasizing the lack of discernible satisfaction in the assessment order. Consequently, the appeal challenging the penalty proceedings was dismissed based on the interpretation of information provided by the Assessee. Case-Laws Income Tax Tue, 09 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188505