https://www.taxtmi.com/caselaws?id=751872 ITAT Mumbai allowed the assessee's appeal against penalty u/s. 271(1)(b) for non-compliance with three notices u/s. 142(1). Though the assessee failed to respond by the specified dates, they eventually filed all required details and explanations. The tribunal found reasonable cause for the delay, including Covid-related business difficulties, lack of employees, elderly director unfamiliar with online procedures, and time needed to retrieve old records. Since the assessee ultimately complied and provided all necessary information without purposeful defiance, penalty imposition was deemed inappropriate. en-us Wed, 24 Apr 2024 00:00:00 +0530 Sat, 27 Apr 2024 07:32:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751872 ITAT Mumbai allowed the assessee's appeal against penalty u/s. 271(1)(b) for non-compliance with three notices u/s. 142(1). Though the assessee failed to respond by the specified dates, they eventually filed all required details and explanations. The tribunal found reasonable cause for the delay, including Covid-related business difficulties, lack of employees, elderly director unfamiliar with online procedures, and time needed to retrieve old records. Since the assessee ultimately complied and provided all necessary information without purposeful defiance, penalty imposition was deemed inappropriate. Case-Laws Income Tax Wed, 24 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751872