M/S. New Delhi Television Ltd., New ... vs Dcit, New Delhi on 14 July, 2017
Section 271FA in The Income Tax Act, 1961
271FA. [ Penalty for failure to furnish [statement of financial transaction or reportable account] [Substituted ... section 58, for section 271FA (w.e.f. 1-4-2014).] .
- If a person who is required to furnish [a statement of financial transaction
Section 53 in The Finance Act, 2018
53. Amendment of section 271FA.
- In section 271FA of the Income-tax Act,- (a) for the words
order of the DIT (I&CI), Hyderabad, passed u/s
271FA of the Act, dated 11.4.2017.
2. It is seen that these appeals ... does not specify
the order of penalty u/s. 271FA as an appealable order before the
ITAT, the assessee was asked to show cause
Section 70 in Finance (No. 2) Act, 2014
70. Amendment of section 271FA.
- In section 271FA of the Income-tax Act, with effect from
Insertion of new section 271FAA.
- After section 271FA of the Income-tax Act, the following section shall be inserted with effect from
assessee against the penalty of
Rs. 55,700/- levied u/s. 271FA of the Income Tax Act [Act] by the
DIT(I&CI), Hyderabad ... does not specify
the order of penalty u/s. 271FA as an appealable order before the
ITAT, the assessee was asked to show cause
specified in such notice for furnishing the statement expires. [ Similar to Section 271FA from The Income Tax Act, 1961 - Also Refer
penalty of Rs. 10,37,000/-
10,37,000/ under
section 271FA of the Income tax Act, 1961, for the alleged delay
in filing Form ... note of the delay, the Assessing Officer
initiated penalty proceedings under Section 271FA of the Act on
29.04.2024
4.3 The assessee, invoking Section 273B
following grounds of appeal :-
1. The impugned penalty order u/s 271FA dated 20.10.2020 as well as
the notice u/s 271FA ... case in confirming the penalty of Rs. 1,50,000/-
u/s 271FA imposed by the ld. AO i.e. Adl./ADIT