https://www.taxtmi.com/caselaws?id=340030 The Appellate Tribunal set aside the Commissioner of Income Tax (Appeals)'s decision to uphold penalties imposed under section 271(1)(b) of the Income Tax Act for non-compliance with notice u/s 142(1). The Tribunal found reasonable cause for non-compliance due to the wife's illness, as previously acknowledged in a related case, and directed the cancellation of penalties for the assessment years in question. The Tribunal stressed the importance of establishing reasonable cause to avoid penalties under the Act, ultimately allowing all appeals and emphasizing the necessity of valid justifications for non-compliance with statutory notices. en-us Fri, 03 Mar 2017 00:00:00 +0530 Tue, 14 Mar 2017 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340030 The Appellate Tribunal set aside the Commissioner of Income Tax (Appeals)'s decision to uphold penalties imposed under section 271(1)(b) of the Income Tax Act for non-compliance with notice u/s 142(1). The Tribunal found reasonable cause for non-compliance due to the wife's illness, as previously acknowledged in a related case, and directed the cancellation of penalties for the assessment years in question. The Tribunal stressed the importance of establishing reasonable cause to avoid penalties under the Act, ultimately allowing all appeals and emphasizing the necessity of valid justifications for non-compliance with statutory notices. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340030