https://www.taxtmi.com/caselaws?id=790709 Penalty under section 271D of the Income-tax Act, 1961 cannot be validly sustained unless the assessment order records satisfaction about the relevant contravention under section 269SS. Here, the assessment order mentioned only initiation of penalty proceedings under section 271(1)(c) and did not record the necessary satisfaction for section 271D. The Tribunal treated this omission as a jurisdictional defect and held that the Joint Commissioner lacked valid authority to impose the penalty on that basis. The penalty was therefore quashed and the assessee succeeded. en-us Fri, 24 Apr 2026 00:00:00 +0530 Wed, 29 Apr 2026 08:16:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790709 Penalty under section 271D of the Income-tax Act, 1961 cannot be validly sustained unless the assessment order records satisfaction about the relevant contravention under section 269SS. Here, the assessment order mentioned only initiation of penalty proceedings under section 271(1)(c) and did not record the necessary satisfaction for section 271D. The Tribunal treated this omission as a jurisdictional defect and held that the Joint Commissioner lacked valid authority to impose the penalty on that basis. The penalty was therefore quashed and the assessee succeeded. Case-Laws Income Tax Fri, 24 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790709