https://www.taxtmi.com/caselaws?id=273059 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax Appeals (CIT(A)) decisions in a case involving liability under section 206C of the Income Tax Act and penalty under section 271CA. The ITAT ruled that late submission of forms did not default the assessee, leading to the dismissal of the Revenue's appeal. The CIT(A)'s order to cancel the penalty under section 271CA was also upheld, as the assessee was not treated as in default under relevant sections. Both appeals of the Revenue were ultimately dismissed by the ITAT. en-us Mon, 21 Mar 2016 00:00:00 +0530 Sat, 02 Jun 2018 11:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273059 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax Appeals (CIT(A)) decisions in a case involving liability under section 206C of the Income Tax Act and penalty under section 271CA. The ITAT ruled that late submission of forms did not default the assessee, leading to the dismissal of the Revenue's appeal. The CIT(A)'s order to cancel the penalty under section 271CA was also upheld, as the assessee was not treated as in default under relevant sections. Both appeals of the Revenue were ultimately dismissed by the ITAT. Case-Laws Income Tax Mon, 21 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273059