2018 (3) TMI 1173

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.... Appellant by : --None-- Respondent by : Shri Mudit Nagpal, Sr. D.R. ORDER Per Mahavir Prasad, Judicial Member These are three appeals by the appellant against the separate order of the Director of Income Tax (I&CI), Ahmedabad, 31/03/2016 for imposing of penalty u/s.271FA for Assessment Year (AY) 2015-16. 2. Since in all three appeals assessee are same and issues are common only a....

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....ce. As per order dated 30-3-2016 assessee was imposed with penalty u/s 271 FA (in case of failure to furnish annual information return) of Rs. 100/- per day amounting to Rs. 8500/-. As the delay is due to reasonable cause and the same has been corrected by filling the return within the time specified in the notice hence the said penalty of Rs. 8500 is to be deleted." 2.2 In IT....

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..... 500 for 59 days total amounting to Rs. 40,200/-. As the delay is due to reasonable cause and the same has been corrected by filling the return within the time specified in the 2nd notice hence the said penalty of Rs. 40,200 is to be deleted." 2.3 In ITA No.1429/Ahd/2016 for AY 2015-16: "Penalty under 271 FA cannot be imposed if there is reasonable cause for delay in furnishi....

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.... penalty of Rs. 8,700 is to be deleted." 3. The relevant facts as culled out from the materials on record are as under:- In this case, it is seen from records that the assessee has filed AIR on 05/12/2015. Further in response to the said office of the DIT(I&CI) seen a letter dated 08/03/2016, the assessee has filed latter stating that he is having the charge of Sub-Registrar, Dhansura since ....