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
reassessment shall be deemed to constitute
satisfaction of the Assessing Officer for initiation of the
penalty proceedings under the said clause (c)."
By the aforesaid deeming provision a legal fiction is
created. When the assessment order contains a direction
for initiation of penalty proceedings such order shall deem
to constitute satisfaction of the Assessing Officer for
initiation of penalty proceedings
