https://www.taxtmi.com/caselaws?id=255233 The court allowed the condonation of a 395-day delay in re-filing as requested by the respondent-assessee. The penalty imposed under Section 271G of the Income Tax Act, 1961, was challenged, with the Tribunal and Commissioner of Income Tax (Appeals) ruling in favor of the assessee. The Assessing Officer's concerns were deemed unjustified, and the penalty was considered unwarranted as the necessary documentation was filed within the prescribed time limit. The court dismissed the appeal, upholding the lower authorities' findings and emphasizing the timely submission of documentation within the extended period. en-us Tue, 23 Dec 2014 00:00:00 +0530 Mon, 12 Jan 2015 09:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255233 The court allowed the condonation of a 395-day delay in re-filing as requested by the respondent-assessee. The penalty imposed under Section 271G of the Income Tax Act, 1961, was challenged, with the Tribunal and Commissioner of Income Tax (Appeals) ruling in favor of the assessee. The Assessing Officer's concerns were deemed unjustified, and the penalty was considered unwarranted as the necessary documentation was filed within the prescribed time limit. The court dismissed the appeal, upholding the lower authorities' findings and emphasizing the timely submission of documentation within the extended period. Case-Laws Income Tax Tue, 23 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255233