https://www.taxtmi.com/caselaws?id=278156 The tribunal upheld the penalty imposed under section 271AAA for the assessment year 2011-12, as the assessee failed to comply with tax payment requirements despite being granted an extension. The tribunal found that the assessee did not fulfill the specific requirements of subsection (2) of section 271AAA, rendering them ineligible for the benefits of the said subsection. As a result, the appeal against the penalty was dismissed, affirming the decision of the CIT (A) - 4 Bangalore. en-us Mon, 17 Oct 2016 00:00:00 +0530 Tue, 15 Jan 2019 11:20:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278156 The tribunal upheld the penalty imposed under section 271AAA for the assessment year 2011-12, as the assessee failed to comply with tax payment requirements despite being granted an extension. The tribunal found that the assessee did not fulfill the specific requirements of subsection (2) of section 271AAA, rendering them ineligible for the benefits of the said subsection. As a result, the appeal against the penalty was dismissed, affirming the decision of the CIT (A) - 4 Bangalore. Case-Laws Income Tax Mon, 17 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278156