Levy of penalty u/s 272A(1)(C) - Failure to comply to the summon ...

Failure to Comply with Summons Leads to Rs. 10,000 Penalty u/s 272A(1)(C) of Income Tax Act.

May 26, 2022

Case Laws     Income Tax     AT

Levy of penalty u/s 272A(1)(C) - Failure to comply to the summon issued u/s 131(1) - AO has rightly acted as per the provision of sub-Section 3 of Section 272A of the Act by making a reference to Joint Commissioner of Income Tax for initiation of penalty and the same was levied at Rs. 10,000/- u/s 272A(1)(C) of the Act. The ground of the assessee that notice of demand u/s 156 of the Act should be under the signature of the ld. AO and not Joint Commissioner of Income Tax has no merit because the issue before us is the penalty levied u/s 272A(1)(C) of the Act. - AT

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