https://www.taxtmi.com/caselaws?id=272970 The Tribunal allowed all appeals, ruling in favor of deleting the penalty under section 271(1)(b) of the IT Act. The decision was pronounced on 23/11/2016, setting aside the Revenue Authorities' orders and citing precedent that if assessments were completed under section 143(3) and subsequent compliances were made, earlier defaults should be ignored. The assesses were found to have a reasonable cause for non-appearance, leading to the unjustified levy of penalties. en-us Wed, 23 Nov 2016 00:00:00 +0530 Tue, 18 Apr 2023 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272970 The Tribunal allowed all appeals, ruling in favor of deleting the penalty under section 271(1)(b) of the IT Act. The decision was pronounced on 23/11/2016, setting aside the Revenue Authorities' orders and citing precedent that if assessments were completed under section 143(3) and subsequent compliances were made, earlier defaults should be ignored. The assesses were found to have a reasonable cause for non-appearance, leading to the unjustified levy of penalties. Case-Laws Income Tax Wed, 23 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272970