https://www.taxtmi.com/caselaws?id=177458 The tribunal set aside the penalty imposed on the Assessee for non-compliance with a statutory notice under section 142(1) due to inadequate time provided for compliance. The tribunal found that the Assessee had not willfully defaulted and that the penalty should not be imposed without deliberate defiance of the law. Relying on legal principles, including the need for judicial discretion in penalty imposition, the tribunal deleted the penalty and allowed the Assessee's appeal against the orders of the lower authorities. en-us Thu, 23 Jan 2014 00:00:00 +0530 Sat, 09 Jan 2016 16:33:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177458 The tribunal set aside the penalty imposed on the Assessee for non-compliance with a statutory notice under section 142(1) due to inadequate time provided for compliance. The tribunal found that the Assessee had not willfully defaulted and that the penalty should not be imposed without deliberate defiance of the law. Relying on legal principles, including the need for judicial discretion in penalty imposition, the tribunal deleted the penalty and allowed the Assessee's appeal against the orders of the lower authorities. Case-Laws Income Tax Thu, 23 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177458