https://www.taxtmi.com/caselaws?id=249213 The Tribunal allowed the appeals of both assesses, ruling in favor of the assessee by deleting the penalties imposed under section 271(1)(b) of the IT Act for the respective Assessment Years 2005-06 to 2011-12. The penalties were deemed unjustified as the assessee was not provided adequate time to comply and had cooperated during the assessment proceedings, leading to the deletion of penalties in all cases due to similar circumstances across the appeals. en-us Fri, 31 Jan 2014 00:00:00 +0530 Fri, 13 Sep 2019 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249213 The Tribunal allowed the appeals of both assesses, ruling in favor of the assessee by deleting the penalties imposed under section 271(1)(b) of the IT Act for the respective Assessment Years 2005-06 to 2011-12. The penalties were deemed unjustified as the assessee was not provided adequate time to comply and had cooperated during the assessment proceedings, leading to the deletion of penalties in all cases due to similar circumstances across the appeals. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249213