https://www.taxtmi.com/caselaws?id=332249 The ITAT allowed the appeal, ruling in favor of the assessee and removing the penalty imposed under section 271(1)(b) of the Income-tax Act. The ITAT found that the failure to comply with the notice was not deliberate defiance but due to genuine reasons beyond the assessee's control. The absence of the counsel and the extensive data collection process were considered reasonable causes for the non-compliance, leading to the deletion of the penalty based on established legal principles. en-us Tue, 02 Aug 2016 00:00:00 +0530 Thu, 28 Feb 2019 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332249 The ITAT allowed the appeal, ruling in favor of the assessee and removing the penalty imposed under section 271(1)(b) of the Income-tax Act. The ITAT found that the failure to comply with the notice was not deliberate defiance but due to genuine reasons beyond the assessee's control. The absence of the counsel and the extensive data collection process were considered reasonable causes for the non-compliance, leading to the deletion of the penalty based on established legal principles. Case-Laws Income Tax Tue, 02 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332249