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M/S. New Delhi Television Ltd., New ... vs Dcit, New Delhi on 14 July, 2017

penalty of Rs.25,000/- imposed by the AO u/s 271A of the Act in the facts and circumstances of the case. 3. Brief ... noting in the assessment proceedings, the AO initiated penalty proceedings u/s 271A of the Act and fixed a date of hearing

case the ld ITO erred in imposing penalty u/s 271A and simultaneously ld. CIT(A) erred in sustaining such penalty amounting ... been imposed by the AO u/s 271A of the IT Act on the ground that cash transactions made in Induslnd Bank have not been

notice vide letter dated 3.5.2014 by submitting that the proceedings u/s 271A of the Act were wrongly initiated as there has been no default ... provisions of section 145 of the Act. Therefore the provisions of section 271A were not applicable to the assessee as the assessee was maintaining

44AB of the Act. The Assessing Officer initiated the penalty U/s 271A and 271B of the Act for not maintaining books of account ... were not got audited and in that case no penalty U/s 271A for not maintaining the books of account were levied. Thus, the case

Jaipur arising from the penalty order passed u/s 271A of the Act for the assessment year 2011-12. The Assessee has raised the following ... interpretation should not be dragged in imposing a penalty u/s 271A. 4. That the appellant reserves the right to add, alter, amend, delete

learned Commissioner (Appeals)-1, Thane, confirming penalty imposed under section 271B and 271A of the Income-tax Act, 1961 (for short ... which it has failed to do initiated proceedings for penalty under section 271A of the Act. As observed by the Assessing Officer, in response

First Appellate Authority, Mumbai, confirming penalty imposed u/s 271B and 271A of the Income Tax Act, 1961 (hereinafter the Act) as contained ... assessee shall be guilty and liable to be penalised under s. 271A . Even after maintenance of books of account the obligation of the assessee does

impugned appeals relate to the levy of penalty u/s. 271A of the Act. 4. A search action was conducted at the premises ... considering all the material available on record. 5. Penalty proceedings u/s. 271A were initiated as the A.O. was satisfied that the assessee

Assessing Officer was justified in his action in levying penalty under section 271A of the Act. He further observed that similarly Agra Bench ... therefore, the Assessing Officer was justified in levying penalty under section 271A of the Act for non-maintenance of books of account as per provisions