https://www.taxtmi.com/caselaws?id=9383 The court set aside the impugned order related to the initiation of penalty proceedings under sections 269SS and 269T of the Income-tax Act. It concluded that the penalty proceedings under section 271(1)(c) were not valid as the Assessing Officer did not properly apply his mind and used them coercively to recover taxes, without recording the necessary satisfaction as required by the Act. The court ruled in favor of the assessee, declaring the penalty proceedings void. en-us Thu, 05 May 2005 00:00:00 +0530 Mon, 22 Jun 2009 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9383 The court set aside the impugned order related to the initiation of penalty proceedings under sections 269SS and 269T of the Income-tax Act. It concluded that the penalty proceedings under section 271(1)(c) were not valid as the Assessing Officer did not properly apply his mind and used them coercively to recover taxes, without recording the necessary satisfaction as required by the Act. The court ruled in favor of the assessee, declaring the penalty proceedings void. Case-Laws Income Tax Thu, 05 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9383