https://www.taxtmi.com/caselaws?id=417422 The Appellate Tribunal upheld the penalty imposed u/s. 271FA on a Cooperative Bank for non-filing of Statement of Financial Transactions. However, the Tribunal ruled that the appeal against this penalty was not maintainable before them, citing legal precedents and the absence of explicit inclusion in appealable orders under Section 253. The Tribunal directed the assessee to pursue the alternative remedy of appealing before the CIT(A) as suggested by the Hon'ble Rajasthan High Court, clarifying the legal avenues for aggrieved parties in similar cases. en-us Thu, 13 Jan 2022 00:00:00 +0530 Sat, 22 Jan 2022 08:49:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417422 The Appellate Tribunal upheld the penalty imposed u/s. 271FA on a Cooperative Bank for non-filing of Statement of Financial Transactions. However, the Tribunal ruled that the appeal against this penalty was not maintainable before them, citing legal precedents and the absence of explicit inclusion in appealable orders under Section 253. The Tribunal directed the assessee to pursue the alternative remedy of appealing before the CIT(A) as suggested by the Hon'ble Rajasthan High Court, clarifying the legal avenues for aggrieved parties in similar cases. Case-Laws Income Tax Thu, 13 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417422