https://www.taxtmi.com/caselaws?id=347279 The Tribunal allowed the assessee's appeals, overturning the penalty of Rs. 20,000 imposed for non-compliance with statutory notices for assessment years 2004-05 to 2008-09 under section 271(1)(b). The Tribunal considered the challenges faced by the assessee, including the detention of a key person and the volume of assessments, as reasonable cause for the delay in compliance. Emphasizing the vague nature of the penalty notice and the submission of replies during assessment proceedings, the Tribunal concluded that the penalty was unsustainable and directed its deletion for all assessment years. en-us Mon, 28 Aug 2017 00:00:00 +0530 Fri, 01 Sep 2017 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347279 The Tribunal allowed the assessee's appeals, overturning the penalty of Rs. 20,000 imposed for non-compliance with statutory notices for assessment years 2004-05 to 2008-09 under section 271(1)(b). The Tribunal considered the challenges faced by the assessee, including the detention of a key person and the volume of assessments, as reasonable cause for the delay in compliance. Emphasizing the vague nature of the penalty notice and the submission of replies during assessment proceedings, the Tribunal concluded that the penalty was unsustainable and directed its deletion for all assessment years. Case-Laws Income Tax Mon, 28 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347279