https://www.taxtmi.com/caselaws?id=31867 The appeals were dismissed as the Tribunal found that the assessment orders lacked explicit findings on concealment of income or furnishing inaccurate particulars as required by the Full Bench decision in CIT v. Rampur Engineering Co. Ltd. The Tribunal emphasized the necessity of the Assessing Officer's satisfaction being clearly documented in the assessment order for valid initiation of penalty proceedings under Section 271(1)(c) of the Income Tax Act, 1961. en-us Thu, 04 Dec 2008 00:00:00 +0530 Wed, 24 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31867 The appeals were dismissed as the Tribunal found that the assessment orders lacked explicit findings on concealment of income or furnishing inaccurate particulars as required by the Full Bench decision in CIT v. Rampur Engineering Co. Ltd. The Tribunal emphasized the necessity of the Assessing Officer's satisfaction being clearly documented in the assessment order for valid initiation of penalty proceedings under Section 271(1)(c) of the Income Tax Act, 1961. Case-Laws Income Tax Thu, 04 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31867