https://www.taxtmi.com/caselaws?id=766707 Penalty under section 271(1)(b) was held unsustainable where the assessee had sought the reasons and connected documents for reopening but they were not furnished despite reminders. The record also showed a rectification application and a request for adjournment in response to the show-cause notice, indicating that the assessee had not ignored the reassessment proceedings. In these circumstances, the alleged default under section 142(1) was not established as wilful or effective non-compliance warranting penalty, and the penalty was cancelled in favour of the assessee. en-us Fri, 28 Feb 2025 00:00:00 +0530 Mon, 03 Mar 2025 08:22:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766707 Penalty under section 271(1)(b) was held unsustainable where the assessee had sought the reasons and connected documents for reopening but they were not furnished despite reminders. The record also showed a rectification application and a request for adjournment in response to the show-cause notice, indicating that the assessee had not ignored the reassessment proceedings. In these circumstances, the alleged default under section 142(1) was not established as wilful or effective non-compliance warranting penalty, and the penalty was cancelled in favour of the assessee. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766707