https://www.taxtmi.com/highlights?id=70904 Penalty u/s 271(1)(b) - non-compliance of notices issued during assessment proceedings - The assessee surely was deeply embroiled in litigations and, therefore, had plausible reasons for not complying with the notices, since there were criminal proceedings initiated against the directors of the assessee company who were trying to escape from being put behind the bars on account of the same - Thus sufficient cause has been adduced by the assessee for non-compliance to the notices - No penalty - AT en-us Fri, 14 Jul 2023 12:36:39 +0530 Fri, 14 Jul 2023 12:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70904 Penalty u/s 271(1)(b) - non-compliance of notices issued during assessment proceedings - The assessee surely was deeply embroiled in litigations and, therefore, had plausible reasons for not complying with the notices, since there were criminal proceedings initiated against the directors of the assessee company who were trying to escape from being put behind the bars on account of the same - Thus sufficient cause has been adduced by the assessee for non-compliance to the notices - No penalty - AT Highlights Income Tax Fri, 14 Jul 2023 12:36:39 +0530 https://www.taxtmi.com/highlights?id=70904