https://www.taxtmi.com/caselaws?id=70995 The Appellate Tribunal ITAT Patna upheld the penalty imposed under section 272A(2)(c) of the Income-tax Act, 1961, despite a reduction by the CIT(A) from Rs. 27,000 to Rs. 5,595. The penalty related to the failure to file a return in Form No. 26A under section 206 of the Act by the due date. The Tribunal emphasized the seriousness of the offense, the conscious disregard of obligations by the assessee, and upheld the penalty, dismissing the appeal. en-us Mon, 11 Sep 1995 00:00:00 +0530 Wed, 20 Apr 2011 16:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70995 The Appellate Tribunal ITAT Patna upheld the penalty imposed under section 272A(2)(c) of the Income-tax Act, 1961, despite a reduction by the CIT(A) from Rs. 27,000 to Rs. 5,595. The penalty related to the failure to file a return in Form No. 26A under section 206 of the Act by the due date. The Tribunal emphasized the seriousness of the offense, the conscious disregard of obligations by the assessee, and upheld the penalty, dismissing the appeal. Case-Laws Income Tax Mon, 11 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70995