https://www.taxtmi.com/caselaws?id=411951 The ITAT set aside the penalty imposed on the assessee under section 271(1)(b) for non-compliance with a notice u/s 142(1) of the Act, for Assessment Year 2015-16. It was held that in the absence of willful default and with subsequent compliance considered good under section 143(3) of the Act, penalties for earlier defaults should not be levied. The ITAT directed the AO to delete the penalty, ruling in favor of the assessee engaged in transportation services. en-us Mon, 06 Sep 2021 00:00:00 +0530 Tue, 07 Sep 2021 08:05:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411951 The ITAT set aside the penalty imposed on the assessee under section 271(1)(b) for non-compliance with a notice u/s 142(1) of the Act, for Assessment Year 2015-16. It was held that in the absence of willful default and with subsequent compliance considered good under section 143(3) of the Act, penalties for earlier defaults should not be levied. The ITAT directed the AO to delete the penalty, ruling in favor of the assessee engaged in transportation services. Case-Laws Income Tax Mon, 06 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411951