https://www.taxtmi.com/highlights?id=38697 Penalty u/s 271(1)(c) - revision u/s 263 - In the absence of any finding of the AO with regard to concealment of income or with regard to furnishing of inaccurate particulars of income, the CIT clearly erred in holding that omission to record satisfaction to initiate penalty proceedings was erroneous or prejudicial to the interest of Revenue. - HC en-us Sat, 31 Mar 2018 13:00:27 +0530 Sat, 31 Mar 2018 13:00:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38697 Penalty u/s 271(1)(c) - revision u/s 263 - In the absence of any finding of the AO with regard to concealment of income or with regard to furnishing of inaccurate particulars of income, the CIT clearly erred in holding that omission to record satisfaction to initiate penalty proceedings was erroneous or prejudicial to the interest of Revenue. - HC Highlights Income Tax Sat, 31 Mar 2018 13:00:27 +0530 https://www.taxtmi.com/highlights?id=38697