https://www.taxtmi.com/caselaws?id=347280 The Tribunal ruled in favor of the assessee, deleting the penalty imposed under section 271(1)(b) for non-compliance with statutory notices for the assessment years 2007-08 & 2008-09. The Tribunal found reasonable causes presented by the assessee, including difficulties due to the absence of a key person and the volume of group assessments, justifying the delay in compliance. Emphasizing technical rather than substantive non-compliance, 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 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347280 The Tribunal ruled in favor of the assessee, deleting the penalty imposed under section 271(1)(b) for non-compliance with statutory notices for the assessment years 2007-08 & 2008-09. The Tribunal found reasonable causes presented by the assessee, including difficulties due to the absence of a key person and the volume of group assessments, justifying the delay in compliance. Emphasizing technical rather than substantive non-compliance, 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=347280