https://www.taxtmi.com/caselaws?id=425703 The Tribunal found in favor of the assessee, ruling that penalties imposed under section 271(1)(b) of the Income Tax Act for non-compliance with notices issued under section 142(1) were unjustified. The Assessing Officer's premature and arbitrary actions, including failure to provide necessary documents, constituted a reasonable cause for non-compliance. The Tribunal deleted the penalties for all assessment years 2014-15 to 2017-18, allowing the appeals of the assessee. en-us Mon, 25 Jul 2022 00:00:00 +0530 Fri, 29 Jul 2022 09:15:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425703 The Tribunal found in favor of the assessee, ruling that penalties imposed under section 271(1)(b) of the Income Tax Act for non-compliance with notices issued under section 142(1) were unjustified. The Assessing Officer's premature and arbitrary actions, including failure to provide necessary documents, constituted a reasonable cause for non-compliance. The Tribunal deleted the penalties for all assessment years 2014-15 to 2017-18, allowing the appeals of the assessee. Case-Laws Income Tax Mon, 25 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425703