https://www.taxtmi.com/caselaws?id=418629 The court upheld the assessing officer's authority to impose a penalty under section 271(1)(c) of the Income Tax Act post a remand ordered under section 263. It determined that the assessing officer's satisfaction for penalty initiation expressed in the subsequent assessment order following the remand was valid, even though the original assessment did not mention penalties. The court emphasized that the remand was comprehensive, allowing fresh assessment on all issues, and dismissed the petitioner's challenge to the penalty order. The petitioner was granted the right to appeal the penalty order for statutory remedies. en-us Tue, 15 Feb 2022 00:00:00 +0530 Fri, 24 Jun 2022 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418629 The court upheld the assessing officer's authority to impose a penalty under section 271(1)(c) of the Income Tax Act post a remand ordered under section 263. It determined that the assessing officer's satisfaction for penalty initiation expressed in the subsequent assessment order following the remand was valid, even though the original assessment did not mention penalties. The court emphasized that the remand was comprehensive, allowing fresh assessment on all issues, and dismissed the petitioner's challenge to the penalty order. The petitioner was granted the right to appeal the penalty order for statutory remedies. Case-Laws Income Tax Tue, 15 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418629