Kerala High Court Upholds Penalty for Delayed Submission of AIR

Sub Registrar Vs Director of Income Tax (Kerala High Court) In the recent case of Sub Registrar Vs Director of Income Tax, the Kerala High Court upheld a penalty imposed under Section 271FA of the Income Tax Act, 1961 due to a significant delay in the filing of the Annual Information Return (AIR). Despite the petitioner’s argument about having a bonafide impression that his predecessor had already filed the AIR, the Court did not accept this as a “reasonable cause” for the delay. The petitioner, serving as the Sub Registrar at Vadanappally, was penalized for not filing the return des...