https://www.taxtmi.com/caselaws?id=798005 Penalty proceedings for alleged cash-receipt violations under Section 269SS could not be validly initiated under Section 271D solely on information received by the Joint Commissioner where no scrutiny assessment, reassessment, or other assessment proceeding was pending. In the absence of a regular assessment and recorded satisfaction by the Assessing Officer regarding the alleged contravention, the initiation lacked the required basis and was invalid. The penalty proceedings were consequently quashed. en-us Wed, 05 Aug 2026 00:00:00 +0530 Tue, 01 Sep 2026 08:26:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798005 Penalty proceedings for alleged cash-receipt violations under Section 269SS could not be validly initiated under Section 271D solely on information received by the Joint Commissioner where no scrutiny assessment, reassessment, or other assessment proceeding was pending. In the absence of a regular assessment and recorded satisfaction by the Assessing Officer regarding the alleged contravention, the initiation lacked the required basis and was invalid. The penalty proceedings were consequently quashed. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798005