https://www.taxtmi.com/caselaws?id=280379 The Tribunal allowed the appeal, quashing the penalty order imposed under section 271(1)(c) of the Income Tax Act, 1961, as it lacked jurisdiction and was void ab-initio. The penalty was found to be imposed without the necessary prima facie satisfaction recorded in the assessment order, rendering it invalid. The Tribunal set aside the penalty order based on the absence of jurisdiction due to the failure to establish prima facie satisfaction, leading to a favorable outcome for the assessee. Other grounds raised were not addressed, and the appeal was decided in favor of the assessee. en-us Mon, 30 Nov 2015 00:00:00 +0530 Fri, 03 May 2019 08:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280379 The Tribunal allowed the appeal, quashing the penalty order imposed under section 271(1)(c) of the Income Tax Act, 1961, as it lacked jurisdiction and was void ab-initio. The penalty was found to be imposed without the necessary prima facie satisfaction recorded in the assessment order, rendering it invalid. The Tribunal set aside the penalty order based on the absence of jurisdiction due to the failure to establish prima facie satisfaction, leading to a favorable outcome for the assessee. Other grounds raised were not addressed, and the appeal was decided in favor of the assessee. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280379