https://www.taxtmi.com/caselaws?id=280766 The Tribunal found that the penalty imposed under section 271(1)(b) of the Income Tax Act for assessment years 2006-07 to 2012-13 was not justified due to the reasonable cause for the delay in compliance with notices under section 142(1) and subsequent rectification by the assessee. Citing consistency with previous decisions, the Tribunal deleted the penalties for all the years, concluding that the assessee had proven a reasonable cause for the delay, leading to the allowance of all appeals. en-us Fri, 21 Oct 2016 00:00:00 +0530 Tue, 21 May 2019 06:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280766 The Tribunal found that the penalty imposed under section 271(1)(b) of the Income Tax Act for assessment years 2006-07 to 2012-13 was not justified due to the reasonable cause for the delay in compliance with notices under section 142(1) and subsequent rectification by the assessee. Citing consistency with previous decisions, the Tribunal deleted the penalties for all the years, concluding that the assessee had proven a reasonable cause for the delay, leading to the allowance of all appeals. Case-Laws Income Tax Fri, 21 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280766