https://www.taxtmi.com/caselaws?id=376366 Penalty under section 271(1)(b) could not be sustained where the assessee had filed a reply to the notice under section 142(1), and that reply was already on record and acknowledged by the Assessing Officer. On those facts, there was compliance with the notice, so the statutory condition precedent for levy of penalty, namely failure to comply, was absent. The penalty was therefore cancelled. en-us Fri, 01 Mar 2019 00:00:00 +0530 Fri, 08 Mar 2019 08:06:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376366 Penalty under section 271(1)(b) could not be sustained where the assessee had filed a reply to the notice under section 142(1), and that reply was already on record and acknowledged by the Assessing Officer. On those facts, there was compliance with the notice, so the statutory condition precedent for levy of penalty, namely failure to comply, was absent. The penalty was therefore cancelled. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376366