https://www.taxtmi.com/caselaws?id=177528 The ITAT allowed the appeal, canceling the penalty imposed under section 221(1) of the Income Tax Act. The ITAT found that the assessee demonstrated good reasons for the default without any mala fide intent, emphasizing substantial justice over technical considerations. en-us Wed, 19 Feb 2014 00:00:00 +0530 Mon, 11 Jan 2016 23:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177528 The ITAT allowed the appeal, canceling the penalty imposed under section 221(1) of the Income Tax Act. The ITAT found that the assessee demonstrated good reasons for the default without any mala fide intent, emphasizing substantial justice over technical considerations. Case-Laws Income Tax Wed, 19 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177528