https://www.taxtmi.com/caselaws?id=243915 The Tribunal consolidated appeals challenging penalties imposed under section 271(1)(b) of the I.T. Act for non-compliance with a notice under section 142(1). Despite the delay in filing returns, the Tribunal found the reasons justified and noted compliance during assessment proceedings. Relying on precedent, the Tribunal ruled penalties should not apply for technical breaches or genuine belief of non-liability. As the assessee's conduct was not contumacious, penalties were revoked, and appeals allowed. en-us Thu, 06 Feb 2014 00:00:00 +0530 Wed, 12 Feb 2014 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243915 The Tribunal consolidated appeals challenging penalties imposed under section 271(1)(b) of the I.T. Act for non-compliance with a notice under section 142(1). Despite the delay in filing returns, the Tribunal found the reasons justified and noted compliance during assessment proceedings. Relying on precedent, the Tribunal ruled penalties should not apply for technical breaches or genuine belief of non-liability. As the assessee's conduct was not contumacious, penalties were revoked, and appeals allowed. Case-Laws Income Tax Thu, 06 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243915