9911796707
TMI Blog2021 (11) TMI 39X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessee stating that it was unaware about the filing of impugned statement. Regarding the contention of the assessee that it had not received the notices reported in the penalty order, it is observed that the ld. DIT(I IC) has also not mentioned the date of serving the two notices dated 11-04-2017 1-6-2017 upon the assessee. We hold that penalty of ₹ 25,800/- (258 days x ₹ 100 p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Income Tax (I CI) has passed order u/s. 274 r.w.s. 271FA on 17th October, 2017 and levied penalty of ₹ 73,000/- u/s. 271FA for failing to file SFT-014 for assessment year 2017-18 for which the last data was expired on 31st Jan, 2016. The ld. Director of Income Tax (I CI) stated that two notices on 11th April, 2017 and 1st June, 2017 were issued directing the assessee to file the SFT- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (I CI) were not received by the bank and even the penalty order levied u/s. 271FA was also not received by the bank. On the other hand, ld. Departmental Representative has supported the order of Director of Income Tax (I CI). 5. Heard both the sides and perused the material on record. The assessee is a co-operative bank engaged in the business of banking. The bank is required to file SFT r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t find any merit in the plea of the assessee stating that it was unaware about the filing of impugned statement. Regarding the contention of the assessee that it had not received the notices reported in the penalty order, it is observed that the ld. DIT(I IC) has also not mentioned the date of serving the two notices dated 11-04-2017 1-6-2017 upon the assessee. Looking to the above facts and c ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
