https://www.taxtmi.com/caselaws?id=347709 The Tribunal allowed the appeals challenging penalties under section 271(1)(b) of the I.T. Act for non-compliance with notices for A.Ys. 2005-06, 2006-07, and 2007-08. Despite acknowledging procedural deficiencies, the Tribunal canceled the penalties for all three years, citing valid reasons presented by the assessee for non-compliance. This decision aligned with precedents canceling penalties in similar cases, emphasizing consistency in such matters. en-us Fri, 01 Sep 2017 00:00:00 +0530 Sat, 09 Sep 2017 09:18:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347709 The Tribunal allowed the appeals challenging penalties under section 271(1)(b) of the I.T. Act for non-compliance with notices for A.Ys. 2005-06, 2006-07, and 2007-08. Despite acknowledging procedural deficiencies, the Tribunal canceled the penalties for all three years, citing valid reasons presented by the assessee for non-compliance. This decision aligned with precedents canceling penalties in similar cases, emphasizing consistency in such matters. Case-Laws Income Tax Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347709