TMI BlogLevy of penalty u/s 271(1)(c) - The Assessing Officer has to record satisfaction before initiating...Levy of penalty u/s 271(1)(c) - The Assessing Officer has to record satisfaction before initiating penalty proceedings and the penalty proceedings are subject to judicial scrutiny independent of additions/disallowances made under assessment proceedings. Therefore, levy of penalty for the reason that the addition/disallowance has been accepted by the assessee is not sustainable ground - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
