Section 271D Proceedings Cannot Start Without AO Satisfaction: Telangana HC

Meghana Avenues Private Limited Vs CIT (Appeals) (Telangana High Court) Summary The Telangana High Court examined whether penalty proceedings under Section 271D of the Income Tax Act could be initiated by the Joint Commissioner of Income Tax without any satisfaction being recorded by the Assessing Officer in the assessment order regarding violation of Section 269SS of the Act. The writ petition challenged the appellate order dated 04.06.2025 passed by the National Faceless Appeal Centre (NFAC), which had upheld a penalty order dated 19.10.2022 imposing penalty of ₹40.50 lakh under Section 27...