COMMISSIONER OF INCOME TAX (IT & TP) vs. M/S. DONGFANG ELECTRIC CORPORATION
ITAT/66/2018HC Calcutta09 Jul 2021
Bench: : The Hon’Ble Justice Surya Prakash Kesarwani
Section 132(1)Section 132(4)Section 133ASection 139Section 153ASection 271(1)(c)Section 274
disallowed in computing the
total income or loss of an assessee in any order of assessment or
reassessment and the said order contains a direction for initiation of
penalty proceedings under clause (c) of sub-section (1), such an order
of assessment or reassessment shall be deemed to constitute
satisfaction of the Assessing Officer for initiation of the penalty
proceedings
