https://www.taxtmi.com/caselaws?id=280726 The Tribunal allowed all seven appeals filed by the assessees regarding the levy of penalty under section 271(1)(b) of the Act for assessment years 2008-2009. The decision emphasized the importance of subsequent compliance during assessment proceedings, leading to the issuance of orders under section 143(3) instead of section 144, indicating good compliance. The Tribunal ruled in favor of the assessees, highlighting that penalties were unwarranted due to the AO's decision to pass the assessment order under section 143(3) despite earlier defaults. en-us Wed, 20 Jul 2016 00:00:00 +0530 Sun, 19 May 2019 12:07:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280726 The Tribunal allowed all seven appeals filed by the assessees regarding the levy of penalty under section 271(1)(b) of the Act for assessment years 2008-2009. The decision emphasized the importance of subsequent compliance during assessment proceedings, leading to the issuance of orders under section 143(3) instead of section 144, indicating good compliance. The Tribunal ruled in favor of the assessees, highlighting that penalties were unwarranted due to the AO's decision to pass the assessment order under section 143(3) despite earlier defaults. Case-Laws Income Tax Wed, 20 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280726