In the absence of any satisfactory explanation for the late filing of the AIR , penalty can be imposed under s 271FA

State of Rajasthan Vs Dy. CIT High Court of Rajasthan S.B. Civil Writ Petition No. 5399/2011 and S.B. Civil Misc. stay Application No. 4896/2011 Decided on: 13 July 2011 Order By the court By way of the instant writ petition, the petitioner has beseeches to quash and set-aside the order dated 10th August, 2010, whereby the Director of Income Tax (CIB) Rajasthan, Jaipur imposed a penalty of 20,200/- rupees on the petitioner. Having heard the learned counsel for the petitioner and carefully perused the impugned order, it is noticed that the respondent issued a notice to the pet...