1993 (1) TMI 311

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....against order of Dy. CIT (A) upholding levy of penalty of Rs. 2,000 under s. 271A of IT Act for not complying with provision of s. 44AA of IT Act. 2. The assessee, individual, in the relevant period carried on construction work on contract basis and filed return of Rs. 61,630 which was accepted under s. 143(1) of IT Act. The AO initiated penalty proceedings under s. 271A of IT Act. The assessee....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s appeal. 3. I have considered rival submissions of the parties in the light of relevant provisions and the reply of the assessee extracted above. The ITO passed a stereotype order without recording a proper finding whether assessee in terms of s. 273B had a reasonable cause for failure to comply with provision of s. 44AA of IT Act. The reply of the assessee was not at all considered. After rea....