https://www.taxtmi.com/caselaws?id=469909 Penalty proceedings under section 271E for alleged contravention of section 269T require recorded satisfaction in the assessment order under section 143(3). The Tribunal held that, where the assessment order contains no finding or even a whisper indicating initiation of such penalty, the proceedings are invalid and bad in law. Applying settled precedent and judicial discipline, it concluded that absence of recorded satisfaction vitiates the initiation itself, and the penalty challenge failed. en-us Tue, 11 Mar 2025 00:00:00 +0530 Wed, 08 Jul 2026 20:43:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469909 Penalty proceedings under section 271E for alleged contravention of section 269T require recorded satisfaction in the assessment order under section 143(3). The Tribunal held that, where the assessment order contains no finding or even a whisper indicating initiation of such penalty, the proceedings are invalid and bad in law. Applying settled precedent and judicial discipline, it concluded that absence of recorded satisfaction vitiates the initiation itself, and the penalty challenge failed. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469909