https://www.taxtmi.com/caselaws?id=284921 The tribunal allowed the appeal, directing the deletion of the entire penalty under section 272A(2)(c) of the Income Tax Act. The appellant's consistent denial of ownership of the bank account and compliance with notices were considered reasonable cause for non-compliance. The tribunal emphasized the importance of proper authentication of documents and found the penalty unjustified due to the lack of admissible evidence. The decision was pronounced on 30/08/2019. en-us Fri, 30 Aug 2019 00:00:00 +0530 Tue, 17 Dec 2019 09:39:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284921 The tribunal allowed the appeal, directing the deletion of the entire penalty under section 272A(2)(c) of the Income Tax Act. The appellant's consistent denial of ownership of the bank account and compliance with notices were considered reasonable cause for non-compliance. The tribunal emphasized the importance of proper authentication of documents and found the penalty unjustified due to the lack of admissible evidence. The decision was pronounced on 30/08/2019. Case-Laws Income Tax Fri, 30 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284921