https://www.taxtmi.com/caselaws?id=350309 The ITAT set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act, finding that it was automatically imposed without establishing deliberate concealment or furnishing of inaccurate particulars. The penalty under Section 271(1)(b) was also deleted due to reasonable cause for non-compliance with notices. Both penalties were overturned, and the judgment was pronounced on 31st October 2017. en-us Tue, 31 Oct 2017 00:00:00 +0530 Fri, 03 Nov 2017 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350309 The ITAT set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act, finding that it was automatically imposed without establishing deliberate concealment or furnishing of inaccurate particulars. The penalty under Section 271(1)(b) was also deleted due to reasonable cause for non-compliance with notices. Both penalties were overturned, and the judgment was pronounced on 31st October 2017. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350309