https://www.taxtmi.com/caselaws?id=442701 The tribunal deleted the penalty imposed under section 271(1)(b) of the Income Tax Act, 1961, for the assessment year 2012-13, due to the assessee's cooperation and timely compliance with notices despite some delays. The tribunal noted irregularities on the part of the Assessing Officer and ruled in favor of the assessee, revoking the Rs. 10,000 penalty. The decision emphasized the importance of procedural fairness and recognized the efforts made by the assessee to address the department's requirements during the assessment proceedings. en-us Tue, 29 Aug 2023 00:00:00 +0530 Fri, 08 Sep 2023 09:02:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442701 The tribunal deleted the penalty imposed under section 271(1)(b) of the Income Tax Act, 1961, for the assessment year 2012-13, due to the assessee's cooperation and timely compliance with notices despite some delays. The tribunal noted irregularities on the part of the Assessing Officer and ruled in favor of the assessee, revoking the Rs. 10,000 penalty. The decision emphasized the importance of procedural fairness and recognized the efforts made by the assessee to address the department's requirements during the assessment proceedings. Case-Laws Income Tax Tue, 29 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442701