https://www.taxtmi.com/caselaws?id=279518 The Tribunal upheld the penalty imposed under section 271FA of the Income Tax Act for non-filing of the Annual Information Return within the prescribed time. It rejected arguments regarding the penalty's applicability on a State Government entity, reasonable cause for non-filing, validity of advisory letters as notice, and the impact of no loss to the department due to late filing. The Tribunal emphasized the mandatory nature of AIR filing and dismissed all appeals, confirming the penalties imposed. en-us Thu, 27 Jun 2013 00:00:00 +0530 Fri, 22 Mar 2019 14:33:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279518 The Tribunal upheld the penalty imposed under section 271FA of the Income Tax Act for non-filing of the Annual Information Return within the prescribed time. It rejected arguments regarding the penalty's applicability on a State Government entity, reasonable cause for non-filing, validity of advisory letters as notice, and the impact of no loss to the department due to late filing. The Tribunal emphasized the mandatory nature of AIR filing and dismissed all appeals, confirming the penalties imposed. Case-Laws Income Tax Thu, 27 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279518