https://www.taxtmi.com/caselaws?id=431268 The Tribunal ruled in favor of the appellant, dropping the penalty imposed under section 271(1)(b) of the Income Tax Act for A.Y. 2010-11. The penalty of Rs. 10,000 was set aside due to insufficient opportunity provided for compliance, as the appellant argued inadequate time and lack of mention of notice service rendered the penalty unjustified. The Tribunal found the penalty order lacking in details on notice service and providing limited time for the assessee to appear, leading to the conclusion that the penalty was unwarranted in this case. en-us Mon, 31 Oct 2022 00:00:00 +0530 Fri, 09 Dec 2022 10:01:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431268 The Tribunal ruled in favor of the appellant, dropping the penalty imposed under section 271(1)(b) of the Income Tax Act for A.Y. 2010-11. The penalty of Rs. 10,000 was set aside due to insufficient opportunity provided for compliance, as the appellant argued inadequate time and lack of mention of notice service rendered the penalty unjustified. The Tribunal found the penalty order lacking in details on notice service and providing limited time for the assessee to appear, leading to the conclusion that the penalty was unwarranted in this case. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431268