https://www.taxtmi.com/caselaws?id=404677 The tribunal allowed the appeal, leading to the deletion of the penalty imposed under section 271(1)(b) of the Income Tax Act, 1961 for the AY 2011-12. The tribunal found that the assessee ultimately complied with the notices issued during the assessment proceedings, as acknowledged by the Assessing Officer and the ld. CIT(A). Consequently, the tribunal concluded that the penalty was unwarranted due to the assessee's compliance, resulting in the penalty being deleted. en-us Thu, 25 Feb 2021 00:00:00 +0530 Mon, 01 Mar 2021 10:23:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404677 The tribunal allowed the appeal, leading to the deletion of the penalty imposed under section 271(1)(b) of the Income Tax Act, 1961 for the AY 2011-12. The tribunal found that the assessee ultimately complied with the notices issued during the assessment proceedings, as acknowledged by the Assessing Officer and the ld. CIT(A). Consequently, the tribunal concluded that the penalty was unwarranted due to the assessee's compliance, resulting in the penalty being deleted. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404677