Section 271FA

Penalty u/s. 271FA for non-filing of Annual Information Return (AIR)

Income Tax - Section 285BA of the Income-tax Act mandates furnishing of annual information return by the specified persons in respect of specified transactions within the time prescribed under sub-section (2) thereof. Sub-section (5) of the section empowers the Assessing Officer to issue notice if the annual information return has not been furnished b...

Read More
Sorry No Post Found

Order of DIT cannot be challenged before Commissioner (Appeals)

Raibareilly District Co-operative Bank Ltd. Vs DCIT (ITAT Lucknow) - In the instant case, undeniably the order under section 271FA was passed by the Director of Income-tax who is equivalent in rank with the Commissioner (Appeals). Therefore, the order of the Director of Income-tax cannot be challenged or assailed by filing an appeal before an Officer,i.e., the Commis...

Read More
Sorry No Post Found

Recent Posts in "Section 271FA"

Order of DIT cannot be challenged before Commissioner (Appeals)

Raibareilly District Co-operative Bank Ltd. Vs DCIT (ITAT Lucknow)

In the instant case, undeniably the order under section 271FA was passed by the Director of Income-tax who is equivalent in rank with the Commissioner (Appeals). Therefore, the order of the Director of Income-tax cannot be challenged or assailed by filing an appeal before an Officer,i.e., the Commissioner (Appeals), who is equivalent in r...

Read More

Penalty u/s. 271FA for non-filing of Annual Information Return (AIR)

Section 285BA of the Income-tax Act mandates furnishing of annual information return by the specified persons in respect of specified transactions within the time prescribed under sub-section (2) thereof. Sub-section (5) of the section empowers the Assessing Officer to issue notice if the annual information return has not been furnished b...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (3,480)
Company Law (3,398)
Custom Duty (6,603)
DGFT (3,446)
Excise Duty (4,043)
Fema / RBI (3,249)
Finance (3,453)
Income Tax (25,013)
SEBI (2,733)
Service Tax (3,280)

Search Posts by Date

September 2017
M T W T F S S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930