https://www.taxtmi.com/highlights?id=63400 Penalty u/s 271(1)(c) - There was the need for the AO to record the clear satisfaction with respect to each addition/disallowances made during the assessment proceedings for initiating the penalty. Accordingly, in the absence of necessary satisfaction of the AO, we hold that the penalty order is not sustainable. - AT en-us Thu, 12 May 2022 08:45:00 +0530 Thu, 12 May 2022 08:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63400 Penalty u/s 271(1)(c) - There was the need for the AO to record the clear satisfaction with respect to each addition/disallowances made during the assessment proceedings for initiating the penalty. Accordingly, in the absence of necessary satisfaction of the AO, we hold that the penalty order is not sustainable. - AT Highlights Income Tax Thu, 12 May 2022 08:45:00 +0530 https://www.taxtmi.com/highlights?id=63400