Penalty u/s 271G - assessee failed to keep and maintain any ...

Case Laws Income Tax

December 18, 2021

Penalty u/s 271G - assessee failed to keep and maintain any information as per the provisions of section 92D - The order of authorities below is conspicuous inasmuch as there is no mention as to what document required/ordered for and which were not maintained. The order passed by the authorities below is mechanical without proper application of mind. Hence, on the touchstone of above discussion and precedents we set aside the order of authorities below and direct that the penalty be deleted - AT

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Penalty u/s 271G - assessee failed to keep and maintain any ...

Case Laws Income Tax

December 18, 2021

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