No Penalty Under Section 271(1)(c) Can Be Sustained Without Specific Satisfaction Recorded In Assessment Order
No Penalty Under Section 271(1)(c) Can Be Sustained Without Specific Satisfaction Recorded In Assessment Order Issue Whether a penalty levied under Section 271(1)(c) on a Section 36(1)(va) disallowance for delayed deposit of employees’ PF contributions can be sustained if the Assessing Officer failed to record specific satisfaction for initiating penalty proceedings on that specific addition… Read More »