https://www.taxtmi.com/caselaws?id=417738 The Tribunal allowed all four appeals filed by the assessee, directing the deletion of penalties imposed under section 271(1)(b) of the IT Act for Assessment Years 2005-06, 2006-07, 2007-08, and 2008-09. The Tribunal found no willful default or non-cooperative attitude from the assessee, noting that non-compliance was rectified during assessment proceedings. Citing relevant judicial precedents, the Tribunal concluded that the penalties were unjustified, supporting the appellant's arguments and ordering the cancellation of penalties for all assessment years. en-us Thu, 27 Jan 2022 00:00:00 +0530 Sat, 29 Jan 2022 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417738 The Tribunal allowed all four appeals filed by the assessee, directing the deletion of penalties imposed under section 271(1)(b) of the IT Act for Assessment Years 2005-06, 2006-07, 2007-08, and 2008-09. The Tribunal found no willful default or non-cooperative attitude from the assessee, noting that non-compliance was rectified during assessment proceedings. Citing relevant judicial precedents, the Tribunal concluded that the penalties were unjustified, supporting the appellant's arguments and ordering the cancellation of penalties for all assessment years. Case-Laws Income Tax Thu, 27 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417738