https://www.taxtmi.com/caselaws?id=122616 The Tribunal canceled penalties under section 271(1)(b) of the Income-tax Act for non-compliance with notices under section 142(1) for assessment years 2000-01 to 2006-07. It found no evidence of intentional non-compliance or habitual default, emphasizing the need for specific notices, clarity in requirements, and adequate compliance time. The penalties were deemed unjustified, and the appeals were allowed, leading to the cancellation of penalties for all the assessment years and assessees involved. en-us Sat, 12 Dec 2009 00:00:00 +0530 Fri, 22 Sep 2023 23:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122616 The Tribunal canceled penalties under section 271(1)(b) of the Income-tax Act for non-compliance with notices under section 142(1) for assessment years 2000-01 to 2006-07. It found no evidence of intentional non-compliance or habitual default, emphasizing the need for specific notices, clarity in requirements, and adequate compliance time. The penalties were deemed unjustified, and the appeals were allowed, leading to the cancellation of penalties for all the assessment years and assessees involved. Case-Laws Income Tax Sat, 12 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122616