https://www.taxtmi.com/caselaws?id=177457 The Appellate Tribunal ITAT Delhi ruled in an appeal against a penalty imposed under Section 271(1)(b) of the Income-tax Act, 1961 for non-compliance with a notice issued under Section 142(1)/143(2). The tribunal found the time provided for compliance inadequate, as less than ten days were allowed from notice issuance to respond to a detailed questionnaire. Due to the insufficient time granted, the tribunal deemed the non-compliance not a justifiable default warranting the penalty, leading to the cancellation of the penalty and allowing the assessee's appeal. This case underscores the importance of considering reasonable time frames for compliance with statutory notices before imposing penalties under the Act. en-us Fri, 03 Jan 2014 00:00:00 +0530 Sat, 09 Jan 2016 16:33:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177457 The Appellate Tribunal ITAT Delhi ruled in an appeal against a penalty imposed under Section 271(1)(b) of the Income-tax Act, 1961 for non-compliance with a notice issued under Section 142(1)/143(2). The tribunal found the time provided for compliance inadequate, as less than ten days were allowed from notice issuance to respond to a detailed questionnaire. Due to the insufficient time granted, the tribunal deemed the non-compliance not a justifiable default warranting the penalty, leading to the cancellation of the penalty and allowing the assessee's appeal. This case underscores the importance of considering reasonable time frames for compliance with statutory notices before imposing penalties under the Act. Case-Laws Income Tax Fri, 03 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177457