Intelligence & Criminal
Investigation) imposing a penalty on the u/s. 271FA of the Income-tax Act,
1961 ["the Act"] for non-filing ... provides appeal can
be filed against the order u/s 271FA before the CIT(A) under
section 264(J)(B) of the Act and, therefore
erred on facts and law in upholding the
penalty imposed u/s 271FA of the Income tax Act, 1961 for
non-filing the AIR within ... discretionary as the word used is 'may' in
section 271FA against the word 'shall'. It is only a technical
default
erred on facts and law in upholding the
penalty imposed u/s 271FA of the Income tax Act, 1961 for
non-filing the AIR within ... discretionary as the word used is 'may' in
section 271FA against the word 'shall'. It is only a technical
default
erred on facts and law in upholding the
penalty imposed u/s 271FA of the Income tax Act, 1961 for
non-filing the AIR within ... discretionary as the word used is 'may' in
section 271FA against the word 'shall'. It is only a technical
default
erred on facts and law in upholding the
penalty imposed u/s 271FA of the Income tax Act, 1961 for
non-filing the AIR within ... discretionary as the word used is 'may' in
section 271FA against the word 'shall'. It is only a technical
default
erred on facts and law in upholding the
penalty imposed u/s 271FA of the Income tax Act, 1961 for
non-filing the AIR within ... discretionary as the word used is 'may' in
section 271FA against the word 'shall'. It is only a technical
default
erred on facts and law in upholding the
penalty imposed u/s 271FA of the Income tax Act, 1961 for
non-filing the AIR within ... discretionary as the word used is 'may' in
section 271FA against the word 'shall'. It is only a technical
default
erred on facts and law in upholding the
penalty imposed u/s 271FA of the Income tax Act, 1961 for
non-filing the AIR within ... discretionary as the word used is 'may' in
section 271FA against the word 'shall'. It is only a technical
default
erred on facts and law in upholding the
penalty imposed u/s 271FA of the Income tax Act, 1961 for
non-filing the AIR within ... discretionary as the word used is 'may' in
section 271FA against the word 'shall'. It is only a technical
default
erred in levying penalty of
Rs.71,600/- u/s.271FA of the Act for delay in filing of
Statement of Financial Transactions (SFT) without ... imposed a penalty of
Rs.71,600/- u/s.271FA read with Section 274 of the Act.
3. Now, the assessee is in further appeal
