https://www.taxtmi.com/caselaws?id=762671 ITAT AGRA deleted penalty u/s 271(1)(b) for non-compliance with notice u/s 142(1). The tribunal held that each non-compliance requires separate penalty initiation with specific notice. AO issued only one notice u/s 271(1)(b) which assessee claimed was never received, yet imposed ex-parte penalty violating natural justice principles. CIT(A) dismissed appeal without verifying assessee's contentions or calling for records, failing to specify which notice's non-compliance justified penalty. Tribunal accepted assessee's reasonable explanation and deleted penalty under section 273B provisions. en-us Tue, 03 Dec 2024 00:00:00 +0530 Thu, 05 Dec 2024 08:37:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762671 ITAT AGRA deleted penalty u/s 271(1)(b) for non-compliance with notice u/s 142(1). The tribunal held that each non-compliance requires separate penalty initiation with specific notice. AO issued only one notice u/s 271(1)(b) which assessee claimed was never received, yet imposed ex-parte penalty violating natural justice principles. CIT(A) dismissed appeal without verifying assessee's contentions or calling for records, failing to specify which notice's non-compliance justified penalty. Tribunal accepted assessee's reasonable explanation and deleted penalty under section 273B provisions. Case-Laws Income Tax Tue, 03 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762671