https://www.taxtmi.com/caselaws?id=283229 The appeals filed by the assessees were allowed, and the penalties under section 271(1)(b) of the Income Tax Act, 1961 were deleted. The Tribunal found that the penalties imposed were not justified due to insufficient time provided for response and lack of evidence of non-cooperation by the assessee. Following precedents where penalties were deleted for similar reasons, the Tribunal ruled in favor of the assessees. The penalties imposed by the Assessing Officer and confirmed by the CIT(A) were deleted for all relevant years. en-us Fri, 14 Feb 2014 00:00:00 +0530 Fri, 13 Sep 2019 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283229 The appeals filed by the assessees were allowed, and the penalties under section 271(1)(b) of the Income Tax Act, 1961 were deleted. The Tribunal found that the penalties imposed were not justified due to insufficient time provided for response and lack of evidence of non-cooperation by the assessee. Following precedents where penalties were deleted for similar reasons, the Tribunal ruled in favor of the assessees. The penalties imposed by the Assessing Officer and confirmed by the CIT(A) were deleted for all relevant years. Case-Laws Income Tax Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283229