https://www.taxtmi.com/caselaws?id=398033 The Tribunal allowed the assessee's appeals challenging penalties under section 271(1)(b) of the I.T. Act for A.Ys. 2005-2006 to 2009-2010. The penalties were canceled as all additions were deleted, leading to no tax liability and no basis for penalties. The Tribunal condoned the delay in filing appeals, emphasizing the technical nature of the default and absence of pending appeals on merit. Consequently, the penalties were set aside for all the impugned assessment years, in favor of the assessee. en-us Tue, 01 Sep 2020 00:00:00 +0530 Fri, 04 Sep 2020 18:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398033 The Tribunal allowed the assessee's appeals challenging penalties under section 271(1)(b) of the I.T. Act for A.Ys. 2005-2006 to 2009-2010. The penalties were canceled as all additions were deleted, leading to no tax liability and no basis for penalties. The Tribunal condoned the delay in filing appeals, emphasizing the technical nature of the default and absence of pending appeals on merit. Consequently, the penalties were set aside for all the impugned assessment years, in favor of the assessee. Case-Laws Income Tax Tue, 01 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398033