https://www.taxtmi.com/caselaws?id=462952 The ITAT Nagpur held that penalty under section 271D cannot be imposed without prior assessment proceedings. Following precedents from ITAT Indore and Ahmedabad Benches, the Tribunal ruled that initiation of penalty under section 271D/271E requires pending assessment or proceedings arising from an assessment order. Since no such assessment existed, the ex-parte penalty order was quashed and the assessee's appeal allowed. en-us Fri, 20 Dec 2024 00:00:00 +0530 Sat, 26 Jul 2025 21:05:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462952 The ITAT Nagpur held that penalty under section 271D cannot be imposed without prior assessment proceedings. Following precedents from ITAT Indore and Ahmedabad Benches, the Tribunal ruled that initiation of penalty under section 271D/271E requires pending assessment or proceedings arising from an assessment order. Since no such assessment existed, the ex-parte penalty order was quashed and the assessee's appeal allowed. Case-Laws Income Tax Fri, 20 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462952