https://www.taxtmi.com/caselaws?id=401747 The ITAT allowed the appeals filed by the assessee, setting aside the penalty orders imposed under sections 271(1)(c) and 250 of the Income Tax Act for the A.Y 2009-10 and 2010-11. Emphasizing the importance of considering explanations provided by the assessee and applying legal principles, the ITAT found that the penalties were unjustified due to circumstances preventing the assessee from complying. The ITAT directed the A.O to delete the penalties, highlighting the need for a clear distinction between assessment and penalty proceedings. en-us Mon, 21 Sep 2020 00:00:00 +0530 Wed, 16 Dec 2020 08:46:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401747 The ITAT allowed the appeals filed by the assessee, setting aside the penalty orders imposed under sections 271(1)(c) and 250 of the Income Tax Act for the A.Y 2009-10 and 2010-11. Emphasizing the importance of considering explanations provided by the assessee and applying legal principles, the ITAT found that the penalties were unjustified due to circumstances preventing the assessee from complying. The ITAT directed the A.O to delete the penalties, highlighting the need for a clear distinction between assessment and penalty proceedings. Case-Laws Income Tax Mon, 21 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401747