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Section 271D Penalty Quashed Due to Failure to Record Section 269SS Satisfaction
Case Law Details
- Case Name
- Grandhi Sri Venkata Amarendra Vs JCIT (Andhra Pradesh High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Andhra Pradesh HC
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Grandhi Sri Venkata Amarendra Vs JCIT (Andhra Pradesh High Court)
The writ petition challenged proceedings dated 23.11.2023 passed under Section 271D of the Income Tax Act, 1961, levying a penalty of Rs.1,50,00,000/-. The petitioner contended that no satisfaction was recorded in the assessment order regarding initiation of penalty under Section 271D. The case arose from a search and seizure operation under Section 132 in the case of M/s Usha Bala Group and V.V. Balakrishna Rao. Certain documents relating to the petitioner were found, and proceedings under Section 153C were initiated. The petit...
