https://www.taxtmi.com/caselaws?id=187272 The Tribunal ruled in favor of the assessee, revoking the penalty imposed under Section 271(1)(b) of the Income Tax Act for the assessment year 2007-08. The Tribunal found that the Assessing Officer should have refrained from imposing the penalty as the assessee had cooperated during the assessment proceedings, responding to notices and providing necessary information. The penalty was deemed unwarranted, and the appeal was allowed, annulling the penalty originally upheld by the ld. CIT (A). en-us Fri, 18 May 2012 00:00:00 +0530 Wed, 21 Jun 2017 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187272 The Tribunal ruled in favor of the assessee, revoking the penalty imposed under Section 271(1)(b) of the Income Tax Act for the assessment year 2007-08. The Tribunal found that the Assessing Officer should have refrained from imposing the penalty as the assessee had cooperated during the assessment proceedings, responding to notices and providing necessary information. The penalty was deemed unwarranted, and the appeal was allowed, annulling the penalty originally upheld by the ld. CIT (A). Case-Laws Income Tax Fri, 18 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187272