https://www.taxtmi.com/caselaws?id=249379 The appeals challenging penalties imposed under section 271(1)(b) of the Income-tax Act, 1961 were successful. The ITAT, Delhi Bench referred to precedents and the principle from Hindustan Steel vs. State of Orissa, emphasizing penalties should not be imposed without deliberate defiance of the law. Citing inadequate time for compliance and lack of cooperation, the penalties were deemed unjustified and deleted. All seven appeals were allowed, setting aside and deleting the penalties imposed. en-us Wed, 25 Jun 2014 00:00:00 +0530 Thu, 10 Jul 2014 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249379 The appeals challenging penalties imposed under section 271(1)(b) of the Income-tax Act, 1961 were successful. The ITAT, Delhi Bench referred to precedents and the principle from Hindustan Steel vs. State of Orissa, emphasizing penalties should not be imposed without deliberate defiance of the law. Citing inadequate time for compliance and lack of cooperation, the penalties were deemed unjustified and deleted. All seven appeals were allowed, setting aside and deleting the penalties imposed. Case-Laws Income Tax Wed, 25 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249379