https://www.taxtmi.com/caselaws?id=440522 The Tribunal found the penalty imposed under section 271(1)(b) of the Income Tax Act, 1961 unjustifiable as the appellant's explanations were not considered. The penalty of Rs. 10,000 was deemed unsustainable, leading to its deletion by the Assessing Officer. The appeal was granted in favor of the assessee, overturning the penalty order. en-us Mon, 17 Jul 2023 00:00:00 +0530 Tue, 18 Jul 2023 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440522 The Tribunal found the penalty imposed under section 271(1)(b) of the Income Tax Act, 1961 unjustifiable as the appellant's explanations were not considered. The penalty of Rs. 10,000 was deemed unsustainable, leading to its deletion by the Assessing Officer. The appeal was granted in favor of the assessee, overturning the penalty order. Case-Laws Income Tax Mon, 17 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440522