AO not to record his satisfaction separately if penalty proceedings are initiated in assessment orde

IT : Where Assessing Officer while making addition observed in assessment order regarding initiation of penalty proceedings, in view of insertion of sub-section (1B) of section 271 by Finance Act, 2008 with effect from 1-4-1989, aforesaid direction of Assessing Officer constituted sufficient satisfaction for initiating penalty proceedings under section 271(1)(c)