https://www.taxtmi.com/caselaws?id=254759 The Tribunal allowed all appeals, setting aside penalties imposed under section 271(1)(b) of the Income-tax Act for the relevant assessment years, including the case of Shalini Goyal for AY 2009-10. The decision emphasized the importance of considering reasonable causes for compliance delays due to search operations and document seizures, leading to the deletion of penalties. The judgment was pronounced on 20.06.2014, providing relief to the assessees facing similar circumstances. en-us Fri, 20 Jun 2014 00:00:00 +0530 Tue, 30 Dec 2014 21:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254759 The Tribunal allowed all appeals, setting aside penalties imposed under section 271(1)(b) of the Income-tax Act for the relevant assessment years, including the case of Shalini Goyal for AY 2009-10. The decision emphasized the importance of considering reasonable causes for compliance delays due to search operations and document seizures, leading to the deletion of penalties. The judgment was pronounced on 20.06.2014, providing relief to the assessees facing similar circumstances. Case-Laws Income Tax Fri, 20 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254759