https://www.taxtmi.com/highlights?id=56652 Levy of penalty levied u/s 271(1)(c) - The failure of the Assessing Officer to record such satisfaction makes the order levying penalty invalid and bad in law and such mistake is not curable defect under section 292B of the Act as it goes to the jurisdiction of levy of penalty for concealment. - AT en-us Tue, 09 Feb 2021 10:41:05 +0530 Tue, 09 Feb 2021 10:41:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56652 Levy of penalty levied u/s 271(1)(c) - The failure of the Assessing Officer to record such satisfaction makes the order levying penalty invalid and bad in law and such mistake is not curable defect under section 292B of the Act as it goes to the jurisdiction of levy of penalty for concealment. - AT Highlights Income Tax Tue, 09 Feb 2021 10:41:05 +0530 https://www.taxtmi.com/highlights?id=56652