Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (3) TMI 1824 - AT - Income TaxPenalty u/s 271E - Non recording of satisfaction regarding initiation of penalty proceedings - HELD THAT:- Assessment Order there is no mention about initiation of any penalty proceedings in connection with the impugned penalty. In this view of the matter and respectfully following case of CIT vs. Jai Laxmi Rice Mills [2015 (11) TMI 1453 - SUPREME COURT] delete the impugned penalty. - Decided in favour of assessee.
|