https://www.taxtmi.com/caselaws?id=64954 The Appellate Tribunal ITAT DELHI-E partially allowed the appeal in a case where an appellant firm contested a fine imposed under section 285A of the Income-tax Act, 1961 for failure to furnish information in Form No. 52. The Tribunal reduced the fine from Rs. 25,000 to Rs. 1,000, considering the appellant's misconceptions about their obligations and lack of intentional non-compliance. It emphasized the discretionary nature of fines under section 285A and stressed the need for tax authorities to exercise such powers fairly and judiciously. en-us Thu, 04 Apr 1991 00:00:00 +0530 Fri, 11 Feb 2011 13:23:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64954 The Appellate Tribunal ITAT DELHI-E partially allowed the appeal in a case where an appellant firm contested a fine imposed under section 285A of the Income-tax Act, 1961 for failure to furnish information in Form No. 52. The Tribunal reduced the fine from Rs. 25,000 to Rs. 1,000, considering the appellant's misconceptions about their obligations and lack of intentional non-compliance. It emphasized the discretionary nature of fines under section 285A and stressed the need for tax authorities to exercise such powers fairly and judiciously. Case-Laws Income Tax Thu, 04 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64954