https://www.taxtmi.com/caselaws?id=299965 The Tribunal allowed the appeal filed by the Assessee against the penalty imposed under section 271D of the Income Tax Act for the assessment year 2010-11. The Tribunal held that since no satisfaction was recorded for initiating the penalty under section 271D, following legal precedents, the penalty of Rs. 8,00,000 was quashed. The order was pronounced on 13-12-2019. en-us Fri, 13 Dec 2019 00:00:00 +0530 Fri, 07 Jan 2022 08:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299965 The Tribunal allowed the appeal filed by the Assessee against the penalty imposed under section 271D of the Income Tax Act for the assessment year 2010-11. The Tribunal held that since no satisfaction was recorded for initiating the penalty under section 271D, following legal precedents, the penalty of Rs. 8,00,000 was quashed. The order was pronounced on 13-12-2019. Case-Laws Income Tax Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299965