https://www.taxtmi.com/caselaws?id=242916 The Tribunal allowed the appeals filed by the assessee, overturning the penalty imposition under section 271(1)(b) of the Income Tax Act, 1961. The Tribunal found that the penalty order did not accurately reflect the facts, and the assessee's explanation for non-compliance was not properly considered. Additionally, the Tribunal concluded that the penalty imposition was unwarranted in this case and ordered the deletion of penalties in all appeals. en-us Fri, 06 Dec 2013 00:00:00 +0530 Thu, 23 Jan 2014 06:59:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242916 The Tribunal allowed the appeals filed by the assessee, overturning the penalty imposition under section 271(1)(b) of the Income Tax Act, 1961. The Tribunal found that the penalty order did not accurately reflect the facts, and the assessee's explanation for non-compliance was not properly considered. Additionally, the Tribunal concluded that the penalty imposition was unwarranted in this case and ordered the deletion of penalties in all appeals. Case-Laws Income Tax Fri, 06 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242916