https://www.taxtmi.com/caselaws?id=363070 The ITAT allowed the appeal of the assessee, holding that penalties under section 271(1)(b) of the IT Act cannot be imposed for non-compliance with notices under section 148, as the provision specifically mentions non-compliance with other specified notices. The ITAT found the reasons for non-compliance genuine and reasonable, deleting the penalty imposed for non-compliance with the notice under section 142(1). The judgment stressed the importance of adhering to specific statutory provisions when imposing penalties, highlighting the need for precise interpretation of the law in tax matters. en-us Thu, 05 Jul 2018 00:00:00 +0530 Sat, 07 Jul 2018 08:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363070 The ITAT allowed the appeal of the assessee, holding that penalties under section 271(1)(b) of the IT Act cannot be imposed for non-compliance with notices under section 148, as the provision specifically mentions non-compliance with other specified notices. The ITAT found the reasons for non-compliance genuine and reasonable, deleting the penalty imposed for non-compliance with the notice under section 142(1). The judgment stressed the importance of adhering to specific statutory provisions when imposing penalties, highlighting the need for precise interpretation of the law in tax matters. Case-Laws Income Tax Thu, 05 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363070