https://www.taxtmi.com/caselaws?id=407947 The Tribunal allowed the appeal of the assessee, overturning the penalty levied under section 271(1)(b) of the Income Tax Act. The Tribunal emphasized the importance of honest compliance by the assessee and the lack of merit in the penalty order due to conflicting dates and the absence of non-compliance in the assessment order. en-us Wed, 19 May 2021 00:00:00 +0530 Thu, 27 May 2021 08:35:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407947 The Tribunal allowed the appeal of the assessee, overturning the penalty levied under section 271(1)(b) of the Income Tax Act. The Tribunal emphasized the importance of honest compliance by the assessee and the lack of merit in the penalty order due to conflicting dates and the absence of non-compliance in the assessment order. Case-Laws Income Tax Wed, 19 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407947