https://www.taxtmi.com/caselaws?id=55085 The Tribunal upheld the penalty under section 271(1)(c) of the Income Tax Act but remitted the matter to the CIT(A) to verify if the Assessing Officer recorded the necessary satisfaction during the assessment proceedings. The appeal was partly allowed for statistical purposes. en-us Tue, 22 Jan 2002 00:00:00 +0530 Tue, 23 Nov 2010 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55085 The Tribunal upheld the penalty under section 271(1)(c) of the Income Tax Act but remitted the matter to the CIT(A) to verify if the Assessing Officer recorded the necessary satisfaction during the assessment proceedings. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Tue, 22 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55085