https://www.taxtmi.com/caselaws?id=444484 The Supreme Court upheld the Tribunal's decision to quash the penalty order under Section 271D due to the lack of satisfaction recorded by the Assessing Officer. The Tribunal restored the file to the CIT(A) for penalty proceedings, emphasizing the necessity of recording satisfaction for initiating penalty proceedings. The High Court dismissed the appeal, finding no substantial question of law involved in the case. en-us Mon, 09 Oct 2023 00:00:00 +0530 Mon, 16 Feb 2026 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444484 The Supreme Court upheld the Tribunal's decision to quash the penalty order under Section 271D due to the lack of satisfaction recorded by the Assessing Officer. The Tribunal restored the file to the CIT(A) for penalty proceedings, emphasizing the necessity of recording satisfaction for initiating penalty proceedings. The High Court dismissed the appeal, finding no substantial question of law involved in the case. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444484