https://www.taxtmi.com/caselaws?id=767212 ITAT Pune held that penalty under Section 271(1)(b) cannot be imposed multiple times for repeated failures to respond to notices under Section 142(1). The tribunal ruled that such provision is deterrent in nature, not revenue-generating, and imposing unlimited penalties for the same default contradicts legislative intent. When assessee fails to comply with Section 142(1) notices, the proper remedy is best judgement assessment under Section 144, not repeated penalties. The tribunal set aside CIT(A)'s order and restricted penalty to first default only. en-us Wed, 05 Mar 2025 00:00:00 +0530 Wed, 12 Mar 2025 09:06:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767212 ITAT Pune held that penalty under Section 271(1)(b) cannot be imposed multiple times for repeated failures to respond to notices under Section 142(1). The tribunal ruled that such provision is deterrent in nature, not revenue-generating, and imposing unlimited penalties for the same default contradicts legislative intent. When assessee fails to comply with Section 142(1) notices, the proper remedy is best judgement assessment under Section 144, not repeated penalties. The tribunal set aside CIT(A)'s order and restricted penalty to first default only. Case-Laws Income Tax Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767212