https://www.taxtmi.com/caselaws?id=764700 Penalty for non-compliance with notices under section 142(1) of the Income-tax Act was held unsustainable where the assessee showed reasonable cause for the default. The Tribunal accepted that the notices were issued during the Covid period, the assessee was stationed at a far-off place with poor telephone and internet connectivity, and these circumstances explained the failure to respond. Applying section 273B, it held that penalty under section 271(1)(b) cannot be levied when reasonable cause is proved, and the penalty was directed to be cancelled. en-us Tue, 14 Jan 2025 00:00:00 +0530 Thu, 16 Jan 2025 08:17:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764700 Penalty for non-compliance with notices under section 142(1) of the Income-tax Act was held unsustainable where the assessee showed reasonable cause for the default. The Tribunal accepted that the notices were issued during the Covid period, the assessee was stationed at a far-off place with poor telephone and internet connectivity, and these circumstances explained the failure to respond. Applying section 273B, it held that penalty under section 271(1)(b) cannot be levied when reasonable cause is proved, and the penalty was directed to be cancelled. Case-Laws Income Tax Tue, 14 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764700