https://www.taxtmi.com/caselaws?id=415778 The Tribunal allowed the appeal, directing the deletion of the penalty of Rs. 80,000 under Section 271(1)(b) of the Income Tax Act. The decision favored the assessee, recognizing reasonable cause for non-compliance with notices and overturning the penalty imposed by the Assessing Officer. en-us Wed, 17 Nov 2021 00:00:00 +0530 Tue, 14 Dec 2021 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415778 The Tribunal allowed the appeal, directing the deletion of the penalty of Rs. 80,000 under Section 271(1)(b) of the Income Tax Act. The decision favored the assessee, recognizing reasonable cause for non-compliance with notices and overturning the penalty imposed by the Assessing Officer. Case-Laws Income Tax Wed, 17 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415778