https://www.taxtmi.com/caselaws?id=352080 The Tribunal allowed the appeal, directing the deletion of penalties imposed under section 271(1)(b) for AYs 2002-03 to 2008-09. The decision was based on the reasonable cause for non-compliance presented by the assessee, including the detention of a key person and ongoing court proceedings. The Tribunal found the penalty notice lacking specificity and emphasized that most compliances were eventually met. The deletion of penalties was supported by the technical and venial nature of the breaches, leading to the conclusion that the penalties could not be justified for the specified assessment years. en-us Fri, 25 Aug 2017 00:00:00 +0530 Thu, 07 Dec 2017 08:43:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352080 The Tribunal allowed the appeal, directing the deletion of penalties imposed under section 271(1)(b) for AYs 2002-03 to 2008-09. The decision was based on the reasonable cause for non-compliance presented by the assessee, including the detention of a key person and ongoing court proceedings. The Tribunal found the penalty notice lacking specificity and emphasized that most compliances were eventually met. The deletion of penalties was supported by the technical and venial nature of the breaches, leading to the conclusion that the penalties could not be justified for the specified assessment years. Case-Laws Income Tax Fri, 25 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352080