https://www.taxtmi.com/caselaws?id=347762 The ITAT partially allowed the appeals of the assessee, upholding penalties up to &8377;49,800 in each appeal and deleting the remaining amount. The ITAT considered the delayed compliance but emphasized that only one notice was issued, justifying the penalty to be levied once for non-compliance. The appellant's arguments regarding technical difficulties and discretion in imposing penalties were acknowledged, leading to the reduction of the penalties imposed under section 272A(2)(c) of the Income Tax Act, 1961. en-us Tue, 22 Aug 2017 00:00:00 +0530 Sat, 09 Sep 2017 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347762 The ITAT partially allowed the appeals of the assessee, upholding penalties up to &8377;49,800 in each appeal and deleting the remaining amount. The ITAT considered the delayed compliance but emphasized that only one notice was issued, justifying the penalty to be levied once for non-compliance. The appellant's arguments regarding technical difficulties and discretion in imposing penalties were acknowledged, leading to the reduction of the penalties imposed under section 272A(2)(c) of the Income Tax Act, 1961. Case-Laws Income Tax Tue, 22 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347762