https://www.taxtmi.com/caselaws?id=469482 Penalty under section 271D was not leviable because the assessment order did not record satisfaction regarding any violation of section 269SS. The omission was treated as material, and the principle that penalty proceedings cannot be sustained without such satisfaction in the assessment order was applied. On that basis, the penalty was cancelled. en-us Fri, 07 Mar 2025 00:00:00 +0530 Thu, 18 Jun 2026 18:59:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469482 Penalty under section 271D was not leviable because the assessment order did not record satisfaction regarding any violation of section 269SS. The omission was treated as material, and the principle that penalty proceedings cannot be sustained without such satisfaction in the assessment order was applied. On that basis, the penalty was cancelled. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469482