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2014 (9) TMI 545 - HC - Income TaxPenalty u/s 271FA – AIR information not furnished by appellant – Limitation u/s 275(1)(c) – Held that:- Following the decision in The Joint Sub Registrar, Sangat, District Bathinda vs. Director of Income Tax (CIB), Chandigarh [2014 (9) TMI 499 - PUNJAB & HARYANA HIGH COURT] – The assessing authority on appreciation of material had concluded that the filer of the returns was habitual defaulter without any concern or respect for the law - The plausible explanations in terms of Section 273B of the Act in the cases of Sub Registrar, Talwandi Saboo, Sub Registrar, Lambi, Sub Registrar, Malout, Sub Registrar, Maur Mandi, Sub Registrar, Doda and Sub Registrar, Rampura Phul are also similar and therefore, the levy of penalty under Section 271FA of the Act cannot be faulted – Decided against appellant.
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