https://www.taxtmi.com/caselaws?id=755566 Penalty for failure to furnish information requisitioned under section 133(6) was found unsustainable where the assessee established reasonable cause under section 273B. The assessee showed that the information had been furnished to another registration authority and not to the Income-tax Officer due to a bona fide mistake, and that explanation was accepted as genuine. Once reasonable cause was proved, section 273B barred imposition of penalty under section 272A(2)(c), and the penalty was deleted. en-us Fri, 12 Jul 2024 00:00:00 +0530 Mon, 15 Jul 2024 08:19:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755566 Penalty for failure to furnish information requisitioned under section 133(6) was found unsustainable where the assessee established reasonable cause under section 273B. The assessee showed that the information had been furnished to another registration authority and not to the Income-tax Officer due to a bona fide mistake, and that explanation was accepted as genuine. Once reasonable cause was proved, section 273B barred imposition of penalty under section 272A(2)(c), and the penalty was deleted. Case-Laws Income Tax Fri, 12 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755566