https://www.taxtmi.com/caselaws?id=457635 The tribunal ruled in favor of the assessee, allowing the appeal and directing the deletion of the penalty imposed under section 271B of the Income Tax Act, 1961. The decision was based on the finding that the default was inadvertent and qualified for a waiver under Section 273B due to reasonable cause. en-us Wed, 28 Feb 2024 00:00:00 +0530 Sat, 19 Oct 2024 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457635 The tribunal ruled in favor of the assessee, allowing the appeal and directing the deletion of the penalty imposed under section 271B of the Income Tax Act, 1961. The decision was based on the finding that the default was inadvertent and qualified for a waiver under Section 273B due to reasonable cause. Case-Laws Income Tax Wed, 28 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457635