Non-levy of penalty for delayed Annual Information Return filings where returns for the specified year are furnished by cutoff. The Central Board of Direct Taxes directed that no penalty under section 271FA shall be levied where the Annual Information Return under section 285BA for specified financial transactions recorded during financial year 2004-2005 is furnished on or before 30 November 2005, and that this instruction be brought to the notice of all officers in the region.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Non-levy of penalty for delayed Annual Information Return filings where returns for the specified year are furnished by cutoff.
The Central Board of Direct Taxes directed that no penalty under section 271FA shall be levied where the Annual Information Return under section 285BA for specified financial transactions recorded during financial year 2004-2005 is furnished on or before 30 November 2005, and that this instruction be brought to the notice of all officers in the region.
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