https://www.taxtmi.com/caselaws?id=306818 The Tribunal ruled in favor of the assessee, deleting penalties imposed under Section 271(1)(b) for AY 2012-13 to 2016-17 and Section 272A(1)(d) for AY 2017-18 and 2018-19. The Tribunal accepted the assessee's explanations for non-compliance, attributing delays to pandemic-related challenges. Emphasizing the completion of assessment under Section 143(3) and the impact of the pandemic on compliance, the Tribunal found sufficient cause to delete the penalties. This decision underscores the importance of considering genuine reasons for non-compliance and the impact of external factors on tax obligations, ensuring a fair application of penalty provisions. en-us Mon, 26 Sep 2022 00:00:00 +0530 Tue, 28 Feb 2023 08:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306818 The Tribunal ruled in favor of the assessee, deleting penalties imposed under Section 271(1)(b) for AY 2012-13 to 2016-17 and Section 272A(1)(d) for AY 2017-18 and 2018-19. The Tribunal accepted the assessee's explanations for non-compliance, attributing delays to pandemic-related challenges. Emphasizing the completion of assessment under Section 143(3) and the impact of the pandemic on compliance, the Tribunal found sufficient cause to delete the penalties. This decision underscores the importance of considering genuine reasons for non-compliance and the impact of external factors on tax obligations, ensuring a fair application of penalty provisions. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306818