https://www.taxtmi.com/caselaws?id=257034 The Tribunal upheld the penalty imposed by the Revenue Authorities for late filing of Annual Information Returns (AIR), citing the assessee's habitual default and lack of reasonable cause. The penalty was deemed appropriate despite arguments referencing relevant court decisions. The appeals filed by the assessee were dismissed, and the penalty was sustained. en-us Mon, 09 Feb 2015 00:00:00 +0530 Sat, 28 Feb 2015 08:15:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257034 The Tribunal upheld the penalty imposed by the Revenue Authorities for late filing of Annual Information Returns (AIR), citing the assessee's habitual default and lack of reasonable cause. The penalty was deemed appropriate despite arguments referencing relevant court decisions. The appeals filed by the assessee were dismissed, and the penalty was sustained. Case-Laws Income Tax Mon, 09 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257034