https://www.taxtmi.com/caselaws?id=752294 ITAT Delhi allowed the assessee's appeal against penalty under section 271(1)(b) for non-compliance with notice issued under section 142(1). The Tribunal had previously quashed the assessment orders in quantum appeal proceedings in the second round. Since the underlying quantum assessment was deleted, the penalty proceedings arising from those assessment proceedings could not survive. The penalty appeal was consequently allowed. en-us Fri, 03 May 2024 00:00:00 +0530 Tue, 07 May 2024 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752294 ITAT Delhi allowed the assessee's appeal against penalty under section 271(1)(b) for non-compliance with notice issued under section 142(1). The Tribunal had previously quashed the assessment orders in quantum appeal proceedings in the second round. Since the underlying quantum assessment was deleted, the penalty proceedings arising from those assessment proceedings could not survive. The penalty appeal was consequently allowed. Case-Laws Income Tax Fri, 03 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752294