https://www.taxtmi.com/caselaws?id=63952 The Appellate Tribunal canceled penalties imposed on the assessee for non-compliance with section 285A(2) for assessment years 1982-83, 1983-84, and 1984-85. The Tribunal emphasized the necessity of furnishing information to the Income Tax Officer with jurisdiction at the time of the contract, not necessarily the assessing officer at the time of filing returns. Due to procedural errors, lack of crucial contract date information, and confusion over jurisdiction, all penalties were deemed unsustainable and canceled. The Tribunal highlighted the importance of clarity in contract details and jurisdiction for penalty imposition. en-us Thu, 31 Jan 1991 00:00:00 +0530 Wed, 02 Feb 2011 18:06:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63952 The Appellate Tribunal canceled penalties imposed on the assessee for non-compliance with section 285A(2) for assessment years 1982-83, 1983-84, and 1984-85. The Tribunal emphasized the necessity of furnishing information to the Income Tax Officer with jurisdiction at the time of the contract, not necessarily the assessing officer at the time of filing returns. Due to procedural errors, lack of crucial contract date information, and confusion over jurisdiction, all penalties were deemed unsustainable and canceled. The Tribunal highlighted the importance of clarity in contract details and jurisdiction for penalty imposition. Case-Laws Income Tax Thu, 31 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63952