https://www.taxtmi.com/caselaws?id=442988 The Tribunal upheld penalties imposed under section 271(1)(b) for non-compliance with income return filings by an iron and steel company. The penalties were deemed legally justified, served correctly, and within the time limit as per Section 275(1)(a) for the assessment years 1993-94, 1994-95, and 1995-96. The appellant's arguments regarding lack of opportunity to be heard and limitation period for penalty imposition were dismissed, affirming the lower authorities' decisions. en-us Tue, 12 Sep 2023 00:00:00 +0530 Thu, 14 Sep 2023 09:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442988 The Tribunal upheld penalties imposed under section 271(1)(b) for non-compliance with income return filings by an iron and steel company. The penalties were deemed legally justified, served correctly, and within the time limit as per Section 275(1)(a) for the assessment years 1993-94, 1994-95, and 1995-96. The appellant's arguments regarding lack of opportunity to be heard and limitation period for penalty imposition were dismissed, affirming the lower authorities' decisions. Case-Laws Income Tax Tue, 12 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442988