ITAT: Section 271D Penalty Cannot Survive Without AO's Recorded Satisfaction:

ITAT: Section 271D Penalty Cannot Survive Without AO's Recorded Satisfaction

ITAT held that a penalty under Section 271D cannot be sustained without the Assessing Officer's recorded satisfaction during assessment proceedings and also found the proceedings to be time-barred.

ITAT Quashes 271D Penalty for Lack of AO's Satisfaction

authorVanshika vermadateJul 13, 2026
Last update on Jul 13, 2026
Premium

ITAT: Section 271D Penalty Cannot Survive Without AO's Recorded Satisfaction

ITAT held that a penalty under Section 271D cannot be sustained without the Assessing Officer's recorded satisfaction during assessment proceedings and also found the proceedings to be time-barred.

Also Read

Tribunal Invalidates Assessments for Lack of Independent Section 153D ApprovalITAT Remands Section 69C Addition Case, Orders Fresh Opportunity to TaxpayerITAT Allows Section 80-IE, Deletes Section 14A and MAT AdditionsITAT Rules Separate Addition under Section 69A Cannot Survive Once Income is Estimated on Gross Turnover

About Author

LinkedIn

Vanshika verma

Content Writer

Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
1566
Up Next

Loading suggestions…

Recent Posts

Tribunal Invalidates Assessments for Lack of Independent Section 153D ApprovalPremium

Enforcement Directorate Attaches Reliance Power Assets Worth Rs 1,021 Crore Under PMLA

ITAT Remands Section 69C Addition Case, Orders Fresh Opportunity to TaxpayerPremium

All Posts

ITAT Allows Section 80-IE, Deletes Section 14A and MAT Additions

GSTAT Introduces Token-Based Mechanism to Secure Timely GST Appeal Filing Before July 31, 2026

ITAT Rules Separate Addition under Section 69A Cannot Survive Once Income is Estimated on Gross Turnover

View All

Tags

ITAT

StudyCafe Membership

For More details about Membership Click Join Membership Button