https://www.taxtmi.com/caselaws?id=354746 Penalty under section 271(1)(b) was found unwarranted where the assessee had responded to the notices issued under section 142(1), including replies filed on the due dates. The Tribunal recorded that the first notice was complied with by furnishing the return and supporting documents, and the later notices were also met with timely replies. On these facts, it accepted that there was reasonable cause under section 273B and that the statutory notices had been substantially complied with. The penalty order was therefore held unsustainable and was directed to be deleted. en-us Mon, 22 Jan 2018 00:00:00 +0530 Sat, 03 Feb 2018 08:34:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354746 Penalty under section 271(1)(b) was found unwarranted where the assessee had responded to the notices issued under section 142(1), including replies filed on the due dates. The Tribunal recorded that the first notice was complied with by furnishing the return and supporting documents, and the later notices were also met with timely replies. On these facts, it accepted that there was reasonable cause under section 273B and that the statutory notices had been substantially complied with. The penalty order was therefore held unsustainable and was directed to be deleted. Case-Laws Income Tax Mon, 22 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354746