https://www.taxtmi.com/caselaws?id=195336 The Appellate Tribunal ITAT Delhi allowed the assessee's appeals against penalties imposed under Section 271(1)(b) of the Income-tax Act for the assessment years 2007-08 to 2010-11. Despite the assessee's absence at the hearing, the Tribunal found that the authorized representatives had complied with the notices under Sections 142(1) and 143(2) during the assessment proceedings, leading to the cancellation of penalties. The Tribunal emphasized the importance of factual findings in the assessment order and overturned the penalties, ruling in favor of the assessee on 7th February 2014. en-us Fri, 07 Feb 2014 00:00:00 +0530 Fri, 27 Oct 2017 09:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195336 The Appellate Tribunal ITAT Delhi allowed the assessee's appeals against penalties imposed under Section 271(1)(b) of the Income-tax Act for the assessment years 2007-08 to 2010-11. Despite the assessee's absence at the hearing, the Tribunal found that the authorized representatives had complied with the notices under Sections 142(1) and 143(2) during the assessment proceedings, leading to the cancellation of penalties. The Tribunal emphasized the importance of factual findings in the assessment order and overturned the penalties, ruling in favor of the assessee on 7th February 2014. Case-Laws Income Tax Fri, 07 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195336