https://www.taxtmi.com/caselaws?id=68530 The Tribunal found that the Assessing Officer (AO) did not follow the correct procedure in levying the penalty under Section 271(1)(b) of the Income Tax Act. The penalty was imposed in a generalized manner without specific instances of non-compliance cited. It was noted that the assessee had mostly complied with the notices issued. As a result, the Tribunal accepted the assessee's appeal, setting aside the penalty. en-us Mon, 24 May 2004 00:00:00 +0530 Thu, 31 Mar 2011 10:03:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68530 The Tribunal found that the Assessing Officer (AO) did not follow the correct procedure in levying the penalty under Section 271(1)(b) of the Income Tax Act. The penalty was imposed in a generalized manner without specific instances of non-compliance cited. It was noted that the assessee had mostly complied with the notices issued. As a result, the Tribunal accepted the assessee's appeal, setting aside the penalty. Case-Laws Income Tax Mon, 24 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68530