https://www.taxtmi.com/caselaws?id=441697 The Tribunal allowed the appeal of the assessee and deleted the penalty imposed under section 271(1)(b) of the Income Tax Act, 1961. The Tribunal found that the non-compliance with the notice issued under section 142(1) was due to the non-receipt of the notice by the assessee, constituting a reasonable cause. Therefore, the penalty of INR 10,000 was overturned, emphasizing the lack of deliberate non-compliance. en-us Fri, 11 Aug 2023 00:00:00 +0530 Mon, 14 Aug 2023 09:26:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441697 The Tribunal allowed the appeal of the assessee and deleted the penalty imposed under section 271(1)(b) of the Income Tax Act, 1961. The Tribunal found that the non-compliance with the notice issued under section 142(1) was due to the non-receipt of the notice by the assessee, constituting a reasonable cause. Therefore, the penalty of INR 10,000 was overturned, emphasizing the lack of deliberate non-compliance. Case-Laws Income Tax Fri, 11 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441697