Dispute Over Penalty Due to Insufficient Prima Facie Satisfaction by Assessing Officer in Tax Assessment Order.

Dispute Over Penalty Due to Insufficient Prima Facie Satisfaction by Assessing Officer in Tax Assessment Order. https://www.taxtmi.com/highlights?id=73174 Penalty u/s 271(1)(c) - There is no prima facie satisfaction which has been recorded by the AO for initiation of penalty proceedings which can be discerned from reading of the assessment order. - Addition has been made, merely, on a presumptive basis which is not sufficient for acquiring jurisdiction as contemplated by the provisions of section 271(1B) - AT en-us Thu, 23 Nov 2023 07:34:39 +0530 Thu, 23 Nov 2023 19:58:20 +0530 TaxTMI RSS Generator Dispute Over Penalty Due to Insufficient Prima Facie Satisfaction by Assessing Officer in Tax Assessment Order. https://www.taxtmi.com/highlights?id=73174 Penalty u/s 271(1)(c) - There is no prima facie satisfaction which has been recorded by the AO for initiation of penalty proceedings which can be discerned from reading of the assessment order. - Addition has been made, merely, on a presumptive basis which is not sufficient for acquiring jurisdiction as contemplated by the provisions of section 271(1B) - AT Highlights Income Tax Thu, 23 Nov 2023 07:34:39 +0530 https://www.taxtmi.com/highlights?id=73174