https://www.taxtmi.com/caselaws?id=398607 The ITAT Pune allowed all appeals of the assessee related to penalties under sections 271(1)(b) and 271F of the Income Tax Act. The Tribunal emphasized the significance of considering genuine health issues and practical circumstances in penalty imposition. The penalties were deleted due to the assessee's health condition, supported by medical evidence, and the Revenue's failure to challenge the facts presented. The Tribunal found no justification to deviate from its previous decision and ruled in favor of the assessee, emphasizing the welfare aspect of the Income Tax Act. en-us Wed, 16 Sep 2020 00:00:00 +0530 Sat, 19 Sep 2020 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398607 The ITAT Pune allowed all appeals of the assessee related to penalties under sections 271(1)(b) and 271F of the Income Tax Act. The Tribunal emphasized the significance of considering genuine health issues and practical circumstances in penalty imposition. The penalties were deleted due to the assessee's health condition, supported by medical evidence, and the Revenue's failure to challenge the facts presented. The Tribunal found no justification to deviate from its previous decision and ruled in favor of the assessee, emphasizing the welfare aspect of the Income Tax Act. Case-Laws Income Tax Wed, 16 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398607