2015 (3) TMI 1274

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..... ate for the respondent ORDER The subject matter of challenge in this appeal is a judgment and order dated 14th January, 2003 passed by the learned Income Tax Appellate Tribunal pertaining to the Assessment Year 1991-92 dismissing an appeal preferred by the assessee. The assessee has come up. The question of law formulated at the time of admission of the appeal reads as follows :- "Whether on .....

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..... ver be a ground for initiating penal proceedings. Before initiating the penal proceedings the Assessing Officer is required to be satisfied as to whether any income has been concealed or any inadequate particulars have been furnished. Mr. Sen, learned Advocate appearing for the appellant submitted that the order under challenge passed by the Assessing Officer does not show any such satisfaction n .....

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