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Case lawITAT › Faith Intertrade v ITO
ITATHelps taxpayerValidity unconfirmeds.271BAs.92Es.273Bs.92CAs.92CA(1)s.92CA(3)s.143(3)Rule 10E

Faith Intertrade v ITO

I obtained Form 3CEB from my accountant but never uploaded it, and the officer has levied the flat Rs 1 lakh penalty under s.271BA. Is that penalty automatic?

I obtained Form 3CEB from my accountant but never uploaded it, and the officer has levied the flat Rs 1 lakh penalty under s.271BA. Is that penalty automatic?

It is not automatic. Section 271BA says the officer 'may' direct payment of the penalty, not 'shall', and s.273B forbids the penalty where the assessee proves reasonable cause. The Tribunal quashed a Rs 1,00,000 penalty on an assessee who had obtained the accountant's report dated 7 September 2013 but failed to upload it electronically, in the first year in which specified domestic transactions were brought within s.92E, where the TPO had made no adjustment at all.

Decided by the ITAT (Pramod M. Jagtap, Vice President and T.R. Senthil Kumar, Judicial Member (Ahmedabad Bench 'C')) on 2022-02-28, reported as ITA No.356/Ahd/2019 (AY 2013-14). It bears on section 271BA, section 92E, section 273B, section 92CA, section 92CA(1), section 92CA(3), section 143(3), section Rule 10E of the Income Tax Act 1961, in Penalty matters.

Validity check could not be completed. Validity check could not be completed — no later-treatment search was carried out. The reasoning turns on the first year of a newly extended obligation and will not transfer to a settled one. The contrary Tribunal decision relied on by the CIT(A), BNT Global Pvt. Ltd. (Mumbai), was not read for this entry and its reasoning is not stated here.

Why it matters

The commonest s.271BA case is not a refusal to obtain the report but a failure to file it — a late upload, a report obtained and forgotten, or a first-year unfamiliarity with a newly extended obligation. The Tribunal's route is to read the permissive 'may' in s.271BA together with s.273B and then ask whether the explanation is bona fide; the absence of any transfer pricing adjustment is treated as showing the omission was not mala fide. Note the other side, which the CIT(A) relied on: the Mumbai Bench in BNT Global Pvt. Ltd. upheld a s.271BA penalty for failure to file Form 3CEB in respect of an international transaction, and the CIT(A) here distinguished the Kolkata decision in J.J. Exports as concerning international rather than specified domestic transactions. First-year unfamiliarity will not be available for a mature obligation, and s.271BA is a single flat penalty of Rs 1,00,000 — do not confuse it with the 2 per cent exposure under s.271G or the 2 per cent under s.271AA.

Binding on the AO and CIT(A) within the Tribunal's jurisdiction. Persuasive elsewhere.

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