https://www.taxtmi.com/caselaws?id=262886 The Tribunal upheld the penalties imposed under Section 271FA of the Income Tax Act, 1961, against various Sub Registrars for failing to file the Annual Information Return (AIR) within the prescribed time. The Tribunal rejected the appellants' arguments of reasonable cause, ignorance of law, and lack of service of notice under Section 285BA(5). Emphasizing that ignorance of the law is not a valid defense, the Tribunal dismissed all appeals, holding the appellants accountable for habitual defaults and conscious disregard of statutory obligations. The judgment was delivered on 30th May 2013. en-us Thu, 30 May 2013 00:00:00 +0530 Fri, 21 Aug 2015 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262886 The Tribunal upheld the penalties imposed under Section 271FA of the Income Tax Act, 1961, against various Sub Registrars for failing to file the Annual Information Return (AIR) within the prescribed time. The Tribunal rejected the appellants' arguments of reasonable cause, ignorance of law, and lack of service of notice under Section 285BA(5). Emphasizing that ignorance of the law is not a valid defense, the Tribunal dismissed all appeals, holding the appellants accountable for habitual defaults and conscious disregard of statutory obligations. The judgment was delivered on 30th May 2013. Case-Laws Income Tax Thu, 30 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262886