Income Tax | No Assessment, No Satisfaction, No Penalty: Proceedings u/s 271D Cannot Begin in a Jurisdictional Vacuum

ITAT Nagpur quashes ₹12.10 lakh penalty u/s 271D where no assessment proceedings or valid AO satisfaction preceded penalty initiation. The post No Assessment, No Satisfaction, No Penalty: Proceedings u/s 271D Cannot Begin in a Jurisdictional Vacuum appeared first on TaxGuru .