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2018 (1) TMI 591 - AT - Income TaxPenalty imposed u/s 272A(2)(c) - no valid reason for not 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. The assessee has not offered any valid reason for not furnishing the information called for u/s 133(6) of the Act. Many of the notices issued by the ITO (Intelligence) were never responded to by the assessee. In many instances the Assessing Officer 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). Since there is no reasonable cause furnished by the assessee as mentioned u/s 273 of the IT Act for non furnishing of information sought by the ITO(intelligence) u/s 133(6) of the Act it is of the view that the order imposing penalty cannot be quashed. - Decided against assessee
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