https://www.taxtmi.com/caselaws?id=417125 The Tribunal set aside the penalty of Rs. 10,000 imposed under section 271(1)(b) of the Income Tax Act, 1961, finding it unjustly imposed due to the lack of fault on the part of the assessee. The Tribunal concluded that the assessee had not been given adequate time to respond to the Department's queries, leading to the incorrect imposition of the penalty. Consequently, the Tribunal directed the Assessing Officer to delete the penalty, ruling in favor of the assessee. en-us Fri, 07 Jan 2022 00:00:00 +0530 Sat, 15 Jan 2022 08:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417125 The Tribunal set aside the penalty of Rs. 10,000 imposed under section 271(1)(b) of the Income Tax Act, 1961, finding it unjustly imposed due to the lack of fault on the part of the assessee. The Tribunal concluded that the assessee had not been given adequate time to respond to the Department's queries, leading to the incorrect imposition of the penalty. Consequently, the Tribunal directed the Assessing Officer to delete the penalty, ruling in favor of the assessee. Case-Laws Income Tax Fri, 07 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417125