https://www.taxtmi.com/caselaws?id=243980 The Tribunal allowed all appeals filed by the assessee, ruling in favor of the assessee and cancelling the penalty under section 271(1)(b) of the Income Tax Act. The Tribunal found merit in the assessee's argument regarding jurisdictional issues and lack of proper opportunity, emphasizing the importance of providing adequate time for compliance before imposing penalties. Citing legal precedents, the Tribunal set aside the penalty imposed by the Ld. CIT(A) and deleted the penalty levied on the assessee. en-us Thu, 30 Jan 2014 00:00:00 +0530 Fri, 14 Feb 2014 13:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243980 The Tribunal allowed all appeals filed by the assessee, ruling in favor of the assessee and cancelling the penalty under section 271(1)(b) of the Income Tax Act. The Tribunal found merit in the assessee's argument regarding jurisdictional issues and lack of proper opportunity, emphasizing the importance of providing adequate time for compliance before imposing penalties. Citing legal precedents, the Tribunal set aside the penalty imposed by the Ld. CIT(A) and deleted the penalty levied on the assessee. Case-Laws Income Tax Thu, 30 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243980