Section 271-FA" (w.e.f. 1.4.2006).] [section 271FAB, section 271FB, section 271G, section 271GA] [Substituted 'section 271-FB, section 271-G' by Finance
Section 271G in The Income Tax Act, 1961
271G. [ Penalty for failure to furnish information or document under section 92-D. [ Inserted
Section 271G in Kerala Panchayat Raj Act, 1994
271G. [ Term of office and conditions of Service of Ombudsman. [Substituted
correct in deleting the penalty levied u/s. 271G of the Act, by
holding that the assessee had made substantial compliance, failing ... assessee was called upon to explain
as to why penalty u/s 271G may not be imposed on it. Thereafter,
another notice u/s 271G
dated.
24/29.07.2015, imposing penalty under sec. 271G of the Income-tax
act, 1961 (for short 'Act'). That as the penalty ... backdrop of certain common facts under Sec. 271G, which
thereafter had been deleted by the CIT(A)-55, Mumbai on the basis of
the same
Finance Act, 2012
103. Amendment of section 271H.
- After section 271G of the Income-tax Act, the following section shall be inserted with effect from
from the taxpayer in time and, therefore, committed a default Under Section 271G of the Income-tax Act. The Assessing Officer imposed penalty ... statutorily in 92CD read with Rule 10D. Hence, the penalty under Section 271G of the Income Tax Act is attracted. The reply furnished
2015 in the matter of penalty order
passed u/s.271G of the Income Tax Act, 1961.
2. The only issue to be decided ... justified in deleting the penalty levied u/s.271G of the IT Act
in the facts and circumstances of the case.
2
ITA No.5931
levied by the AO under
section 271G of the Act.
3. The facts in brief are that a reference under section
92CA ... assessee with its overseas entity, however,
initiated penalty proceedings under section 271G for failure of
the assessee to furnish the required documentations. The TPO
held
Finance Act, 2015
74. Insertion of new section 271GA.
- After section 271G of the Income-tax Act, the following section shall be inserted with effect