Tribunal Confirms Penalty Deletion: No Recorded Satisfaction by Assessing Officer, Citing Supreme Court Judgment.

Tribunal Confirms Penalty Deletion: No Recorded Satisfaction by Assessing Officer, Citing Supreme Court Judgment. https://www.taxtmi.com/highlights?id=74665 Validity of Penalty u/s 271D and u/s 271E - Penalty proceeding as independent of the assessment proceeding - absence of satisfaction recorded in the reassessment u/s 147 r.w.s 144 r.w.s. 144B - The tribunal, following the Judgement of Supreme Court, confirmed the order of CIT(A) for deleting the penalty on account of no satisfaction recorded by the Ld. AO in the reassessment order u/s 147 r.w.s. 144 r.w.s. 144B. en-us Tue, 06 Feb 2024 20:39:58 +0530 Tue, 06 Feb 2024 20:39:58 +0530 TaxTMI RSS Generator Tribunal Confirms Penalty Deletion: No Recorded Satisfaction by Assessing Officer, Citing Supreme Court Judgment. https://www.taxtmi.com/highlights?id=74665 Validity of Penalty u/s 271D and u/s 271E - Penalty proceeding as independent of the assessment proceeding - absence of satisfaction recorded in the reassessment u/s 147 r.w.s 144 r.w.s. 144B - The tribunal, following the Judgement of Supreme Court, confirmed the order of CIT(A) for deleting the penalty on account of no satisfaction recorded by the Ld. AO in the reassessment order u/s 147 r.w.s. 144 r.w.s. 144B. Highlights Income Tax Tue, 06 Feb 2024 20:39:58 +0530 https://www.taxtmi.com/highlights?id=74665