Additional Director of Income-Tax, therefore, initiated penalty
proceedings under Section 271FA of the Income ... under Section 271FA of the Act for AYs
2015-16 and 2016-17 respectively.
3. The penalty imposed by the Addl. Director of Income
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
correct in levy penalty of
Rs.7,40,000/- under Section 271FA of the Income Tax Act, 1961
2. Penalty levied under Section 271FA ... Hence, a notice under Section 274 read with section 271FA of the
Act was issued on 13.01.2023 to the assessee. In response to the notices
confirming the levy of penalty under section 271FA
of the Income Tax Act, 1961 (hereinafter referred to as 'the Act')
relating ... NFAC, Delhi
confirming the penalty of Rs.3,37,000 under section 271FA is wholly illegal, unlawful
and against the principles of natural justice
Ahmedabad dated 17-10-2017, in proceedings under section
271FA of the Income Tax Act, 1961; in short ... passed order u/s. 274 r.w.s. 271FA on 17th October, 2017 and levied
penalty of Rs. 73,000/- u/s. 271FA for failing
assessee against the imposition of penalty of Rs. 27,100/- under section
271FA of the Act by the Director of Income ... accordingly imposed
penalty of Rs. 27,700/- by invoking section 271FA of the Act for
period of default committed by the assessee.
3. Aggrieved assessee
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
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
Ahmedabad, 31/03/2016 for
imposing of penalty u/s.271FA for Assessment Year (AY) 2015-16.
2. Since in all three appeals assessee
271BB , section 271C , section 271CA , section
271D , section 271E , section 271F , section 271FA , [ section 271FAB ,] section
271FB , section 271G , [ section 271GA ,] [ section 271GB ,] section 271H
