Penalties Confirmed: Non-compliance with Summons and Notice Leads to Upholding of Penalties u/ss 272A(1)(c) and 272A(2)(c).

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....Levy of penalty u/s 272A(1)(c) - failure to comply with summons u/s 131(1A) - no reasonable cause for non-compliance to the notice issued u/s 133(6) - in absence of any reasonable cause been shown by the assessee, the penalty so levied u/s 272A(1)(c) and section 272A(2)(c) is hereby confirmed....