Penalty u/s 271F not leviable as post search there was delay in providing seized documents

Pankaj Chimanlal Lodhiya Vs ACIT (ITAT Rajkot) ITAT Rajkot held that penalty under section 271F of the Income Tax Act not leviable as post search there was delay in providing seized documents. Further, Checking, cross checking and reconciliation of datas was a very lengthy process is also a reasonable cause for non-furnishing of income tax return. Facts- AO initiated the penalty proceedings u/s. 271F of the Act vide notice dated 27.02.2020 requiring the assessee to show cause as to why penalty u/s. 271F of the Act should not be levied for not filing the Returns of Income. In response, the asse...