https://www.taxtmi.com/caselaws?id=330895 The court found the threat of prosecution and penalties disproportionate in a case where a cooperative society challenged a notice to furnish income return and produce acknowledgment under the Income Tax Act, 1961. The society, facing financial distress due to delayed compensation payment, was directed to comply with income tax proceedings but granted relief from immediate prosecution. The judgment aimed to balance statutory requirements with the society's financial hardships and ensure fair treatment by tax authorities, emphasizing the changing approach towards taxpayers by the Assessing Officer. en-us Tue, 02 Aug 2016 00:00:00 +0530 Mon, 08 Aug 2016 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330895 The court found the threat of prosecution and penalties disproportionate in a case where a cooperative society challenged a notice to furnish income return and produce acknowledgment under the Income Tax Act, 1961. The society, facing financial distress due to delayed compensation payment, was directed to comply with income tax proceedings but granted relief from immediate prosecution. The judgment aimed to balance statutory requirements with the society's financial hardships and ensure fair treatment by tax authorities, emphasizing the changing approach towards taxpayers by the Assessing Officer. Case-Laws Income Tax Tue, 02 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330895