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2019 (9) TMI 1476 - AT - Income TaxPenalty proceedings u/s 272A(2)(c) r.w.s. 274 - assessee non - furnishing the information called for u/s 133(6) - HELD THAT:- On identical facts the Cochin Bench of the Tribunal in the cases of Kakoor Service Co-operative Bank Ltd. [2018 (1) TMI 548 - ITAT COCHIN] had held that the penalty imposed u/s 272A(2)(c) of the Act is valid. Assessee has not offered any valid reason for not furnishing the information called for u/s 133(6) of the Act. AO has mentioned that when they had approached, the assessee Society, for seeking information u/s 133(6) of the Act, there was total lack of co-operation on the part of the assessee society as well as threat (reference order imposing penalty u/s 272A(2)(c) in appeals. Since there is no reasonable cause furnished by the assessee as mentioned u/s 273B of the IT Act for non furnishing of information sought by the ITO(intelligence) u/s 133(6) of the Act, the order imposing penalty cannot be quashed. - Decided in favour of revenue.
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