https://www.taxtmi.com/caselaws?id=273135 The ITAT allowed the appeal, ruling in favor of the appellant and ordering the deletion of the penalty imposed under Section 271(1)(b) of the Income Tax Act, 1961. The decision was based on the lack of valid grounds for the penalty, considering the appellant's attempts at compliance and the legal precedent regarding assessment proceedings and defaults. en-us Wed, 29 Jun 2016 00:00:00 +0530 Fri, 08 Jun 2018 10:05:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273135 The ITAT allowed the appeal, ruling in favor of the appellant and ordering the deletion of the penalty imposed under Section 271(1)(b) of the Income Tax Act, 1961. The decision was based on the lack of valid grounds for the penalty, considering the appellant's attempts at compliance and the legal precedent regarding assessment proceedings and defaults. Case-Laws Income Tax Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273135