https://www.taxtmi.com/caselaws?id=184844 The tribunal allowed the appeal, directing the deletion of the penalty imposed under section 271(1)(b) of the Act for non-compliance with notices under section 142(1). The tribunal held that in cases of assessments under section 143(3) without additions to the returned income, non-compliance with notice under section 142(1) is considered waived. As there was no contrary binding decision presented by the Revenue, the penalty was deemed unnecessary in this instance. en-us Thu, 10 Mar 2016 00:00:00 +0530 Fri, 22 Jul 2016 13:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184844 The tribunal allowed the appeal, directing the deletion of the penalty imposed under section 271(1)(b) of the Act for non-compliance with notices under section 142(1). The tribunal held that in cases of assessments under section 143(3) without additions to the returned income, non-compliance with notice under section 142(1) is considered waived. As there was no contrary binding decision presented by the Revenue, the penalty was deemed unnecessary in this instance. Case-Laws Income Tax Thu, 10 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184844