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
Income Tax (Appeals),
Chandigarh dated 01.02.2013 against the order passed under section
271FA of the Income Tax Act, 1961 (in short ... penalty levied by Director of Income
Tax (CIB), Chandigarh under section 271FA of the
Income Tax Act, 1961."
4. The only issue raised
Income Tax (Appeals),
Patiala dated 30.5.2012 against the order passed under section 271FA of
the Income Tax Act, 1961 (in short ... present appeals is against the levy of penalty under
section 271FA of the Act, which is covered by the earlier order of the
Tribunal
Income tax (CIB) levying a penalty of
Rs.63,200/- u/s 271FA of the Act and it relates to the assessment year ... levied a penalty of
Rs.63,200/- u/s 271FA of the Act with the allegation that the assessee has failed
to furnish the Annual
Income Tax (Appeals),
Patiala dated 25.10.2013 against the order passed under section 271FA
of the Income Tax Act, 1961 (in short ... Because the action for upholding the levy of penalty
u/s 271FA amounting to Rs.60,500/- for assessment
year
respectively against the penalty levied under
section 271FA of the Income Tax Act, 1961 (in short 'the Act').
2. Despite service of notice ... other Sub Registrars in
connection with levy of penalty under section 271FA of the Act, we
proceed to decide the present appeal after hearing
Income-tax (Intelligence) levying penalty u/s 274 r.w.s. 271FA
of the Act.
2. Shri Noble George, the ld.representative for the assessee ... appeal
against the order levying penalty u/s 274 r.w.s. 271FA of the Act in SRO,
Meppazyur-Kozhikode ITA No.280/Coch/2013
Finance (No. 2) Act, 2014
UNION OF INDIA
India
Finance (No. 2) Act, 2014
Act
271BB , section 271C , section 271CA , section 271D , section 271E , section 271F , section 271FA , section 271FB , section 271G clause (c) or clause (d) of sub-section