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2019 (7) TMI 597 - AT - Income TaxPenalty u/s 272A(2)(c) r.w.s. 274 - non furnishing the information called for u/s 133(6) - reasonable cause - penalty @ ₹ 100 per day of defaulting period - HELD THAT:- As decided in M/S. KAKOOR SERVICE CO-OPERATIVE BANK LTD. [2018 (1) TMI 548 - ITAT COCHIN] 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) in appeals [2018 (1) TMI 548 - ITAT COCHIN]. Since there is no reasonable cause furnished by the assessee as mentioned u/s 273 of the I T Act for non furnishing of information sought by the ITO(intelligence) u/s 133(6) it is of the view that the order imposing penalty cannot be quashed. It is ordered accordingly. we hold that the CIT(A) is justified in upholding the order passed u/s 272A(2)(c) - Decided against assessee.
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