*Toyota Motor Corporation Vs. CIT * 08/25/2008
[2008] 306 ITR 52 (SC)
Case Fact: Whether Assessing Officer can drop penalty proceedings without
giving detailed reasons thereof?
Decision: Held by the Hon`able Court that the Assessing Officer cannot drop
penalty proceedings without giving detailed reasons thereof. An assessing
officers duty is not discharged merely because the tribunal has held that
the officer had gone into facts and had not proceeded casually.