https://www.taxtmi.com/highlights?id=77211 Penalty u/s 271(1)(b) - Non-compliance with a notice issued u/s 142(1) - The Tribunal noted that in a previous round of proceedings, a penalty under section 271(1)(b) of the Act had been deleted by the Tribunal, indicating a precedent in favor of the appellant. Considering the circumstances, including the quashing of the assessment order by the High Court in the second round of proceedings, the Tribunal found that the penalty imposed in connection with those proceedings was untenable. en-us Tue, 07 May 2024 09:50:10 +0530 Tue, 07 May 2024 09:50:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77211 Penalty u/s 271(1)(b) - Non-compliance with a notice issued u/s 142(1) - The Tribunal noted that in a previous round of proceedings, a penalty under section 271(1)(b) of the Act had been deleted by the Tribunal, indicating a precedent in favor of the appellant. Considering the circumstances, including the quashing of the assessment order by the High Court in the second round of proceedings, the Tribunal found that the penalty imposed in connection with those proceedings was untenable. Highlights Income Tax Tue, 07 May 2024 09:50:10 +0530 https://www.taxtmi.com/highlights?id=77211