https://www.taxtmi.com/caselaws?id=437881 The Tribunal allowed the appeal of the assessee, holding that the penalty imposed under section 271(1)(c) was not sustainable due to lack of jurisdiction by the Assessing Officer. The Tribunal quashed the penalty order as the initiation of penalty proceedings without recording satisfaction during the assessment proceedings was deemed invalid. The appeal was allowed in favor of the assessee, and no separate judgment was provided in this case. en-us Tue, 25 Apr 2023 00:00:00 +0530 Wed, 17 May 2023 08:46:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437881 The Tribunal allowed the appeal of the assessee, holding that the penalty imposed under section 271(1)(c) was not sustainable due to lack of jurisdiction by the Assessing Officer. The Tribunal quashed the penalty order as the initiation of penalty proceedings without recording satisfaction during the assessment proceedings was deemed invalid. The appeal was allowed in favor of the assessee, and no separate judgment was provided in this case. Case-Laws Income Tax Tue, 25 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437881