https://www.taxtmi.com/caselaws?id=307199 The Tribunal found no merit in the levy of penalty under Section 272A(1)(c) of the Income Tax Act, as the failure to submit the Consent Waiver Form did not constitute non-production of documents under Section 131(1)(c). The penalty was ordered to be deleted, and the decision did not address the ownership of the bank account. The appeal of Jay Ketan Parikh was allowed, and other appeals were dismissed as infructuous. en-us Fri, 26 Oct 2018 00:00:00 +0530 Sun, 26 Mar 2023 10:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307199 The Tribunal found no merit in the levy of penalty under Section 272A(1)(c) of the Income Tax Act, as the failure to submit the Consent Waiver Form did not constitute non-production of documents under Section 131(1)(c). The penalty was ordered to be deleted, and the decision did not address the ownership of the bank account. The appeal of Jay Ketan Parikh was allowed, and other appeals were dismissed as infructuous. Case-Laws Income Tax Fri, 26 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307199