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
