https://www.taxtmi.com/caselaws?id=409570 The Tribunal quashed the penalty imposed under section 271(1)(b) for non-compliance with reassessment proceedings due to the appellant's reasonable cause for not receiving notices after changing residence. Despite the Assessing Officer's argument that the appellant failed to update their address, the Tribunal found the penalty unjustified and bad in law, leading to the penalty being deemed unsustainable and the appeal being allowed under section 273B of the Income Tax Act. en-us Thu, 08 Jul 2021 00:00:00 +0530 Mon, 12 Jul 2021 11:01:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409570 The Tribunal quashed the penalty imposed under section 271(1)(b) for non-compliance with reassessment proceedings due to the appellant's reasonable cause for not receiving notices after changing residence. Despite the Assessing Officer's argument that the appellant failed to update their address, the Tribunal found the penalty unjustified and bad in law, leading to the penalty being deemed unsustainable and the appeal being allowed under section 273B of the Income Tax Act. Case-Laws Income Tax Thu, 08 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409570