https://www.taxtmi.com/caselaws?id=272820 The Tribunal allowed all the appeals, setting aside penalties imposed under section 271(1)(b) of the Income Tax Act. The decision was based on completion of assessments under section 143(3) and subsequent compliance in assessment proceedings, deemed satisfactory. The Tribunal aligned with established principles, noting the assessees' reasonable cause for non-appearance and referencing relevant case laws to justify penalty deletion. en-us Mon, 16 Jan 2017 00:00:00 +0530 Sat, 19 May 2018 08:04:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272820 The Tribunal allowed all the appeals, setting aside penalties imposed under section 271(1)(b) of the Income Tax Act. The decision was based on completion of assessments under section 143(3) and subsequent compliance in assessment proceedings, deemed satisfactory. The Tribunal aligned with established principles, noting the assessees' reasonable cause for non-appearance and referencing relevant case laws to justify penalty deletion. Case-Laws Income Tax Mon, 16 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272820