https://www.taxtmi.com/caselaws?id=198249 The Tribunal directed the Assessing Officer to delete the penalty of Rs. 20,000 imposed under section 271(1)(b) in all appeals, citing similarities to a prior case where penalties were removed. It emphasized the necessity of clear penalty notices for adequate response and accepted reasons for non-compliance, such as the absence of a key person due to legal custody, ongoing court proceedings, and provided assessment details. The Tribunal considered the reduced quantum demand and technical non-compliance as factors against imposing a penalty, ultimately allowing the appeals and highlighting the importance of reasonable cause in penalty proceedings for non-compliance with statutory notices. en-us Thu, 31 Aug 2017 00:00:00 +0530 Sat, 27 Jan 2018 08:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198249 The Tribunal directed the Assessing Officer to delete the penalty of Rs. 20,000 imposed under section 271(1)(b) in all appeals, citing similarities to a prior case where penalties were removed. It emphasized the necessity of clear penalty notices for adequate response and accepted reasons for non-compliance, such as the absence of a key person due to legal custody, ongoing court proceedings, and provided assessment details. The Tribunal considered the reduced quantum demand and technical non-compliance as factors against imposing a penalty, ultimately allowing the appeals and highlighting the importance of reasonable cause in penalty proceedings for non-compliance with statutory notices. Case-Laws Income Tax Thu, 31 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198249