https://www.taxtmi.com/caselaws?id=68433 The Appellate Tribunal ITAT JODHPUR heard three appeals related to penalty imposition under section 271(1)(c) of the IT Act, 1961 for non-compliance of a notice served on a specific date. The Tribunal ruled in favor of the assessees, noting that as the Assessing Officer did not pass a best judgment assessment under section 144 on the date of alleged non-compliance, and considering the valid reasons for seeking adjournment, no penalty was warranted. Citing a similar case, the penalties in all three appeals were deleted, resulting in the acceptance of the assessees' appeals. en-us Thu, 24 Jun 2004 00:00:00 +0530 Wed, 30 Mar 2011 09:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68433 The Appellate Tribunal ITAT JODHPUR heard three appeals related to penalty imposition under section 271(1)(c) of the IT Act, 1961 for non-compliance of a notice served on a specific date. The Tribunal ruled in favor of the assessees, noting that as the Assessing Officer did not pass a best judgment assessment under section 144 on the date of alleged non-compliance, and considering the valid reasons for seeking adjournment, no penalty was warranted. Citing a similar case, the penalties in all three appeals were deleted, resulting in the acceptance of the assessees' appeals. Case-Laws Income Tax Thu, 24 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68433