{"id":3647,"date":"2019-01-11T11:23:09","date_gmt":"2019-01-11T11:23:09","guid":{"rendered":"http:\/\/itatonline.org\/digest\/investascent-wealth-advisors-pvt-ltd-v-acit-2018-65-itr-604-bang-trib\/"},"modified":"2019-01-11T11:23:09","modified_gmt":"2019-01-11T11:23:09","slug":"investascent-wealth-advisors-pvt-ltd-v-acit-2018-65-itr-604-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/investascent-wealth-advisors-pvt-ltd-v-acit-2018-65-itr-604-bang-trib\/","title":{"rendered":"Investascent Wealth Advisors Pvt. Ltd.  v. ACIT (2018) 65 ITR 604 (Bang.)(Trib.)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that; the provisions of S.\u00a0272A\u00a0to be read with the provisions of S.\u00a0273B\u00a0which provides that notwithstanding anything contained in sub-section (2) of section\u00a0272A, no penalty shall be imposable for the failure referred to in the provisions, if reasonable cause is established for the failure. The change of accountant who was ignorant of the statutory provisions of tax deduction at source could be said to be reasonable cause so as not to warrant levy of penalty. Therefore there was a reasonable cause for not filing the prescribed returns within the time, and the Assessing Officer was directed to delete the penalty. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 272A : Penalty &#8211; Failure to answer questions &#8211; Sign statements &#8211; Furnish information -New accountant of assessee ignorant of statutory provisions of tax deduction at  source-Reasonable cause- Levy of penalty is held to be not justified. [S. 272A(2)(k), 273B]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3647","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-WP","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=3647"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3647\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}