https://www.taxtmi.com/caselaws?id=360522 The Tribunal allowed all 28 appeals, setting aside the penalties imposed under section 271(1)(b) of the Income Tax Act. The decision was based on the consistent application of legal principles regarding penalties in cases where assessments were completed under section 143(3) of the Act, emphasizing the importance of subsequent compliance and the lack of justification for penalties in such scenarios. en-us Wed, 16 May 2018 00:00:00 +0530 Fri, 18 May 2018 08:40:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360522 The Tribunal allowed all 28 appeals, setting aside the penalties imposed under section 271(1)(b) of the Income Tax Act. The decision was based on the consistent application of legal principles regarding penalties in cases where assessments were completed under section 143(3) of the Act, emphasizing the importance of subsequent compliance and the lack of justification for penalties in such scenarios. Case-Laws Income Tax Wed, 16 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360522