2012 (12) TMI 1157

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..... ssessee is directed against the order dated 01.03.2012 passed by the ld. CIT(A) u/s 250(6) of the Income-tax Act,1961 (in short 'the Act'). 2. In this appeal, the assessee has raised the following Grounds of Appeal: 1. The Appellant has given the Parking Lots on lease in different sectors of Chandigarh during the Financial Year 2007-08 relevant to the Assessment Year - 2008-2009. Th .....

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..... interest 2. The appellant craves leave to alter or amend the grounds of appeal before the appeal at the time of hearing. 3. The present appeal has been filed against the order dated 01.03.2012 for the assessment year 2008-09 passed by the CIT(Appeals),upholding levy of penalty u/s 271CA of the Act, for failure to collect TCS of ₹ 6,71,424/- u/s 206C(IC) of the Act. 4. In the cours .....

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..... provision where the assessee proves existence of reasonable cause for such failure. The assessee, further, stated that evidences for making the payments have been filed, as is evident from the Paper Book, filed by the assessee. 5. Ld. 'DR' did not controvert such assertions, made by the appellant in respect of payment of the impugned amount. However, he placed reliance on the order of .....

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