https://www.taxtmi.com/caselaws?id=117587 The tribunal upheld the levy of penalty under section 272A(2)(c) for failure to submit Form No. 52A by an assessee engaged in cinematograph film production. Despite arguments of technical breach, the tribunal deemed the failure non-technical and crucial for departmental action. Penalty proceedings initiated separately from assessment were deemed valid, as penalties under section 272A can be initiated at any time. The tribunal found no "reasonable cause" for non-compliance with Form No. 52A, reducing the penalty period to reflect compliance during assessment proceedings. en-us Mon, 04 Apr 2005 00:00:00 +0530 Mon, 25 Jun 2012 12:06:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117587 The tribunal upheld the levy of penalty under section 272A(2)(c) for failure to submit Form No. 52A by an assessee engaged in cinematograph film production. Despite arguments of technical breach, the tribunal deemed the failure non-technical and crucial for departmental action. Penalty proceedings initiated separately from assessment were deemed valid, as penalties under section 272A can be initiated at any time. The tribunal found no "reasonable cause" for non-compliance with Form No. 52A, reducing the penalty period to reflect compliance during assessment proceedings. Case-Laws Income Tax Mon, 04 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117587