2015 (11) TMI 1453

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....argi Khanna, Adv. Ms. Anil Katyar, Adv. Mr. B. V. Balaram Das, Adv For the Respondent : Mr. Harpreet Singh, Adv. Mr. Rajesh Gupta, Adv. For M/s. K. J. John & Co ORDER In these appeals, we are concerned with the question as to whether penalty proceeding under Section 271D of the Income Tax Act (hereinafter referred to as "the Act") is independent of the assessment proceeding and this question ar....

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....The assessee carried out this order in appeal. The Commissioner of Income Tax (Appeals) allowed the appeal and set aside the assessment order with a direction to frame the assessment de novo after affording adequate opportunity to the assessee. After remand, the Assessing Officer passed fresh assessment order. In this assessment order, however, no satisfaction regarding initiation of penalty proc....