Penalty for non-compliance with notice u/s. 133(6) justified: Kerala HC

Chennithala Thripperumthura Service Co-Operative Bank Ltd Vs ITO (TDS) (Kerala High Court) Kerala High Court held that imposition of penalty for failure to furnish particulars sought under section 133(6) of the Income Tax Act is justifiable. Accordingly, request for waiver of penalty rightly rejected. Facts- The petitioner, a Primary Agricultural Credit Society registered under the Kerala Co-operative Societies Act, 1969, is an assessee under the Income Tax Act, 1961. The Income Tax Officer (TDS), the 1st respondent, issued notice dated 8.1.2016 u/s. 133(6) of the Act, seeking information per...