https://www.taxtmi.com/caselaws?id=292716 The Tribunal concluded that the ITO (Intelligence) had jurisdiction to issue the notice under Section 133(6) of the Income Tax Act after obtaining necessary approval. The penalty order under Section 272A(2)(c) was within the prescribed time limit, and the assessee failed to demonstrate reasonable cause for non-compliance. Consequently, the CIT(A) justifiably upheld the penalty, leading to the dismissal of the assessee's appeal. The Tribunal's decision was pronounced on 04th September 2019. en-us Wed, 04 Sep 2019 00:00:00 +0530 Wed, 13 Nov 2024 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292716 The Tribunal concluded that the ITO (Intelligence) had jurisdiction to issue the notice under Section 133(6) of the Income Tax Act after obtaining necessary approval. The penalty order under Section 272A(2)(c) was within the prescribed time limit, and the assessee failed to demonstrate reasonable cause for non-compliance. Consequently, the CIT(A) justifiably upheld the penalty, leading to the dismissal of the assessee's appeal. The Tribunal's decision was pronounced on 04th September 2019. Case-Laws Income Tax Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292716