https://www.taxtmi.com/caselaws?id=300384 The Tribunal allowed the appeals challenging the penalty imposed under section 271(1)(b) of the Income Tax Act, 1961. The penalty was imposed due to alleged non-cooperation of the assessees during assessment proceedings. However, the Tribunal found that the assessees had cooperated, attended all hearings, and provided information as required. Considering the completion of assessment under section 143(3) and the plausible explanations given by the assessees, the Tribunal held that there was no willful default or non-cooperative attitude warranting the penalty. Consequently, the penalties were directed to be deleted in all cases. en-us Wed, 02 May 2018 00:00:00 +0530 Sat, 29 Jan 2022 08:41:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300384 The Tribunal allowed the appeals challenging the penalty imposed under section 271(1)(b) of the Income Tax Act, 1961. The penalty was imposed due to alleged non-cooperation of the assessees during assessment proceedings. However, the Tribunal found that the assessees had cooperated, attended all hearings, and provided information as required. Considering the completion of assessment under section 143(3) and the plausible explanations given by the assessees, the Tribunal held that there was no willful default or non-cooperative attitude warranting the penalty. Consequently, the penalties were directed to be deleted in all cases. Case-Laws Income Tax Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300384