assessee co-operative bank,
directed against the orders passed u/s 271FA of the Income-tax Act,
1961 [hereinafter referred ... this Tribunal against orders of penalty passed u/s 271FA of the Act
by the Director of Income-tax, (I&CI), Bengaluru
short 'DIT(I&CI), Bhopal dated
19.02.2018 framed u/s 271FA r.w.s. 274 of the Income Tax Act
1961(In short ... erred in imposing penalty of Rs.33,000/- u/s
271FA of the Act for non filing of AIR return without considering
Sub Registrar Sarangpur
appeal of the assessee filed
against the levy of penalty u/s 271FA of the Act, amounting to
Rs.81,500/- vide order dated ... delay in
filing the SFT and thereby confirmed the penalty u/s 271FA of the Act.
5. Against the order
Income Tax Act, 1961 emanating from the
penalty order under section 271FA of the Act dated
27.09.2019 passed by Director of Income Tax(Intelligence ... learned Director of Income Tax, Intelligence and
Criminal Investigation, Nagpur u/s. 271FA is bad in law and
wrong on facts and the learned
Ahmedabad, as against the Penalty order passed under
section 271FA of the Income Tax Act, 1961 (hereinafter referred to
as 'the Act') relating ... Director of Income Tax
(I&CI) levying penalty u/s. 271FA r.w.s. 274 of the Act. The Ld.
D.R. also placed
under
Section 271FA of the Income Tax Act, 1961 (hereinafter
referred to as 'the Act') for the Financial Years ... been clearly held that appeal against
order of penalty imposed under Section 271FA of the Act
(falling under Chapter XXI) is maintainable before the
Commissioner
confirming the penalty levied by the
Director of Income Tax u/s 271FA of the Income-tax Act,1961 ['the
Act' for short ... dated 13.3.2020. Accordingly, he prayed for
deletion of penalty levied u/s 271FA of the Act in all the 3 years
under consideration
Bangalore confirming the
penalty levied u/s 271FA of the Income-tax Act,1961 ['the
Act' for short] for assessment years ... prayed for deletion of penalty levied u/s 271FA of the
Act in all the 3 years under consideration
Appeals - II), Lucknow,
dated 26.11.2014, confirming imposition of penalty u/s 271FA of the
Income Tax Act, 1961 (for short the 'Act'). These ... careful perusal of the orders passed u/s 271FA of the Act, we
find that as per Item No.1 of the Table in Rule
confirming the penalty of
Rs.36,800/- levied under section 271FA of the I.T.Act,1961 in
connection with ... appreciate that this case does
not fall within the mischief of section 271FA of the Act and as
such the order levying penalty
