Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2005 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2005 (2) TMI 50 - HC - Income TaxPenalty – recording of satisfaction by AO - Revenue contended that the Tribunal has fallen in error of law in coming to the conclusion that the Assessing Officer had not recorded his satisfaction for initiation of penalty as contemplated under section 271(1)(c) – Held that the Assessing Officer is under an obligation to record satisfaction prior to the initiation of the penalty proceedings in terms of section 271(1)(c) of the Act. The order of the Assessing Officer should apparently show that there is application of mind. Held that present appeal does not raise any question of law much less a substantial question of law in terms of section 260A - We see no reason to proceed with this appeal any further.
|