No penalty for delay in filing STF Return due to late Receipt of Advisory Notice & SCN

Rewari Central Cooperative Bank Ltd. Vs Directorate of Income Tax (ITAT Delhi) The assessee being a District Cooperative Bank has filed Statement of Financial Transaction (SFT) with a delay of 210 days i.e. after receipt of the show cause notice issued by the Director of Income Tax (I & CI, Chandigarh). The explanation given by the assessee that the assessee has not received advisory notice issued u/s 285 BA (5) and the show cause notice (SCN) of penalty u/s 271FA due to change of mail id and further contended that, the delay in filing the return was not deliberate. By taking into the abov...