Levy of penalty u/s 271(1)(c) - no satisfaction as required by ...
Penalty u/s 271(1)(c) invalid due to AO's failure to record necessary satisfaction during assessment.
April 30, 2013
Case Laws Income Tax AT
Levy of penalty u/s 271(1)(c) - no satisfaction as required by law has been recorded by AO during the assessment proceedings, hence, imposition of penalty is bad in law. - AT
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