Penalty u/s. 271BA justified for Failure to furnish Form No. 3CEB, even if return is filed electronically

IN THE ITAT DELHI BENCH ‘E’ Nectar Lifesciences Ltd. Versus Deputy Commissioner of Income-tax IT APPEAL NO. 2704 (DELHI) OF 2011 [ASSESSMENT YEAR 2006-07] AUGUST 14, 2012 ORDER K.D. Ranjan, Accountant Member This appeal by the assessee for Assessment Year 2006-07 arises out of the order of Commissioner of Income-tax (Appeals)-XX, New Delhi. The solitary ground raised by the assessee is reproduced as under:- “Ld. CIT (Appeals) without appreciating the correct facts of case, is not justified in law and facts and circumstances of the case in confirming the pena...