https://www.taxtmi.com/caselaws?id=429264 The appeal challenging the penalty under section 271FA for delay in filing Form SFT was dismissed. The Bench upheld the penalty imposed by the AO, finding no reasonable cause for the delay. The assessee's arguments of miscommunication, change in management, and lack of qualified staff were deemed insufficient justification. The order of the ld. CIT(A) was upheld, resulting in the dismissal of the appeal. en-us Thu, 01 Sep 2022 00:00:00 +0530 Fri, 21 Oct 2022 07:25:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429264 The appeal challenging the penalty under section 271FA for delay in filing Form SFT was dismissed. The Bench upheld the penalty imposed by the AO, finding no reasonable cause for the delay. The assessee's arguments of miscommunication, change in management, and lack of qualified staff were deemed insufficient justification. The order of the ld. CIT(A) was upheld, resulting in the dismissal of the appeal. Case-Laws Income Tax Thu, 01 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429264