https://www.taxtmi.com/caselaws?id=243961 The Tribunal quashed the penalty imposed under Section 271(1)(b) of the Income Tax Act, 1961 for the assessment years 2007-08 to 2011-12 due to inadequate opportunity provided to the assessee for compliance with notices. The Tribunal emphasized that penalty should not be imposed without deliberate defiance of the law or contumacious conduct. The appeals were allowed, and the penalty orders were quashed for lack of proper opportunity and subsequent compliance by the assessee. en-us Thu, 06 Feb 2014 00:00:00 +0530 Fri, 14 Feb 2014 07:35:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243961 The Tribunal quashed the penalty imposed under Section 271(1)(b) of the Income Tax Act, 1961 for the assessment years 2007-08 to 2011-12 due to inadequate opportunity provided to the assessee for compliance with notices. The Tribunal emphasized that penalty should not be imposed without deliberate defiance of the law or contumacious conduct. The appeals were allowed, and the penalty orders were quashed for lack of proper opportunity and subsequent compliance by the assessee. Case-Laws Income Tax Thu, 06 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243961