https://www.taxtmi.com/caselaws?id=293835 The Tribunal revoked penalties of &8377; 10,000/- each imposed on the assessee for assessment years 2001-02 to 2007-08 under sec.271(1)(b) of the Income-tax Act, 1961. The Tribunal found that the Non-Resident Indian assessee faced genuine difficulties in complying with notices due to pre-occupations outside India, leading to the conclusion that the penalties were unwarranted. Consequently, the penalties were deleted, and the appeals filed by the assessee were allowed. en-us Tue, 12 Jul 2011 00:00:00 +0530 Thu, 04 Mar 2021 15:53:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293835 The Tribunal revoked penalties of &8377; 10,000/- each imposed on the assessee for assessment years 2001-02 to 2007-08 under sec.271(1)(b) of the Income-tax Act, 1961. The Tribunal found that the Non-Resident Indian assessee faced genuine difficulties in complying with notices due to pre-occupations outside India, leading to the conclusion that the penalties were unwarranted. Consequently, the penalties were deleted, and the appeals filed by the assessee were allowed. Case-Laws Income Tax Tue, 12 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293835