https://www.taxtmi.com/caselaws?id=294599 The Appellate Tribunal ITAT Ahmedabad heard an appeal regarding a penalty under section 271(1)(b) of the Income Tax Act, 1961 for the assessment year 2008-09. The company assessee, which had declared a total loss, was penalized for not responding to scrutiny notices. However, the Tribunal found the assessee had cooperated by providing explanations and necessary details during the assessment, resulting in nil tax demand. Consequently, the Tribunal deemed the penalty unjustified, deleted it, and allowed the assessee's appeal. en-us Wed, 29 Jun 2016 00:00:00 +0530 Fri, 23 Apr 2021 21:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294599 The Appellate Tribunal ITAT Ahmedabad heard an appeal regarding a penalty under section 271(1)(b) of the Income Tax Act, 1961 for the assessment year 2008-09. The company assessee, which had declared a total loss, was penalized for not responding to scrutiny notices. However, the Tribunal found the assessee had cooperated by providing explanations and necessary details during the assessment, resulting in nil tax demand. Consequently, the Tribunal deemed the penalty unjustified, deleted it, and allowed the assessee's appeal. Case-Laws Income Tax Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294599