Ahmedabad in Order no.
DIT(I&CI)/Ahd./Penalty/271FA/2015-16/16.
2. The brief facts of the case are that the assessee ... Director of Income Tax is justified by imposing penalty u/s 271FA.
4. It is the argument of the learned AR that the assessee explained
against the
order of the CIT(A) - 33, Mumbai passed u/s 271FA
and 250 of the Act. The assessee has raised the
following grounds ... before 27.08.2015 otherwise the failure will be liable
for penalty u/s 271FA of the Act. In response to the
show cause notice, the Joint
order of Commissioner
of Income Tax (Appeals)-13, Bangalore passed under Section 271FA
2
ITA Nos.1646 to 1656/Bang/2019 ... substantive reportable
transactions. Hence there is clear violation of provisions of Section
271FA of the Act and levied penalty vide the order passed under Section
facts in levying penalty of Rs. 1,15,100/- u/s.
271FA without properly considering and appreciating the facts of the case.
2. Briefly stated ... were due
to be filed on 31-08-2013, penalty u/s. 271FA is levied @ Rs.100 per day for a total of
1151 days
Registrar to show cause as to
why penalty under section 271FA of the Act should not be imposed upon it for
failure to furnish ... levied penalty of Rs. 6,24,000/- under
section 271FA of the Income Tax Act, 1961.
4. Aggrieved the assessee filed appeal before
above appeals by
different assessees challenging the levy of penalty under
section 271FA of the Income Tax Act.
2
2. I have heard ld. Representatives ... above assessment years challenging the
levy of penalty under section 271FA of the Income Tax
Act.
8. According to the office report, the appeals
Director of Income
Tax (Intelligence & Criminal Investigation), Chandigarh, under section
271FA of the Income Tax Act, 1961, imposing penalty on the assessee,
amounting ... from the Income Tax Authority, the
penalty may be imposed u/s 271FA .
2.2 The Ld Director (I & Cl) has held in para
Director of Income-tax (CIB),
Chennai, dated 23.9.2010, passed u/s 271FA of the I.T.Act. 1961.
2. Briefly stated, the facts ... made from this
office. Consequently, the DIT(CIB) levied penalty u/s 271FA of the
Act. Since the assessee has not explained any reasonable cause
facts in levying penalty of
Rs.26,700/- u/s.271FA without properly considering and appreciating
the facts of the appellant."
ITA No. 1407 ... penalty should not be
made under sub section 274 read with section 271FA of the Income Tax
Act for not filing of AIR. An opportunity
Hyderabad holding that the appeals against the
penalty order u/s 271FA are not maintainable as no appeal
lies against such order u/s 246A ... Central
Bank Ltd., Karimnagar
3. We find that the penalty u/s 271FA of the Act is a
penalty imposed under Chapter
