In the result, the appeal of the assessee is allowed
Bench: Shri Kul Bharat & Shri Brajesh Kumar Singh[Assessment Year: 2018-19]
capital and also employs auditors and consultant to advice from time to time regarding compliance obligation, he held that the assessee was not able to show that there was reasonable cause within the meaning of section 273B of the I.T. Act for the delay in filing the SFT and thereby confirmed the penalty u/s 271FA of the Act. 5. Against