https://www.taxtmi.com/caselaws?id=249438 The ITAT, Delhi Bench, allowed the appeals filed by the assessee and deleted the penalties imposed under section 271(1)(b) of the Income-tax Act, 1961 for the assessment years 2005-06 to 2011-12. The ITAT emphasized the importance of providing a reasonable opportunity to the assessee and cited precedents where penalties were deleted due to insufficient time for compliance with notices and lack of evidence of non-cooperation. The decision was based on principles of law and consistency in previous judgments, leading to the deletion of penalties in all seven appeals. en-us Tue, 24 Jun 2014 00:00:00 +0530 Thu, 10 Jul 2014 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249438 The ITAT, Delhi Bench, allowed the appeals filed by the assessee and deleted the penalties imposed under section 271(1)(b) of the Income-tax Act, 1961 for the assessment years 2005-06 to 2011-12. The ITAT emphasized the importance of providing a reasonable opportunity to the assessee and cited precedents where penalties were deleted due to insufficient time for compliance with notices and lack of evidence of non-cooperation. The decision was based on principles of law and consistency in previous judgments, leading to the deletion of penalties in all seven appeals. Case-Laws Income Tax Tue, 24 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249438