https://www.taxtmi.com/caselaws?id=336097 The ITAT allowed the appeals filed by the assessee, setting aside the penalty of Rs. 10,000 each imposed under section 271(1)(b) by the CIT(Appeals). The ITAT found that the assessee had reasonable cause for non-compliance with the notice under section 143(2) of the Income Tax Act due to various factors, including the AO's actions. The ITAT held that the penalty was not warranted, emphasizing the lack of attendance recording by the AO and citing relevant case law. The decision favored the assessee, overturning the orders of the lower authorities. en-us Mon, 26 Sep 2016 00:00:00 +0530 Thu, 15 Dec 2016 18:47:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336097 The ITAT allowed the appeals filed by the assessee, setting aside the penalty of Rs. 10,000 each imposed under section 271(1)(b) by the CIT(Appeals). The ITAT found that the assessee had reasonable cause for non-compliance with the notice under section 143(2) of the Income Tax Act due to various factors, including the AO's actions. The ITAT held that the penalty was not warranted, emphasizing the lack of attendance recording by the AO and citing relevant case law. The decision favored the assessee, overturning the orders of the lower authorities. Case-Laws Income Tax Mon, 26 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336097