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Income Tax - Highlights / Catch Notes

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Penalty u/s 271FA - delay in filing of Form SFT as per Section ...

Income Tax

October 21, 2022

Penalty u/s 271FA - delay in filing of Form SFT as per Section 285 BFA - Since it was a statutory obligation on the part of the assessee bank to furnish AIR as a specified instruction u/s 285BA, therefore, any argument of the assessee with regard to ignorance of law or adopting casual and cavalier attitude is of no help to the assessee. - AT

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