https://www.taxtmi.com/caselaws?id=772103 The SC/ITAT analyzed the validity of a penalty under Section 271(1)(b) of the Income Tax Act for noncompliance with Section 142(1) notices. The Tribunal found the penalty unsustainable due to improper notice service and the assessee's foreign residency. The case was remanded for fresh adjudication, emphasizing that penalty cannot be imposed without willful default and proper notice, particularly when the assessee was absent from India during the proceedings. en-us Thu, 17 Apr 2025 00:00:00 +0530 Wed, 04 Jun 2025 08:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772103 The SC/ITAT analyzed the validity of a penalty under Section 271(1)(b) of the Income Tax Act for noncompliance with Section 142(1) notices. The Tribunal found the penalty unsustainable due to improper notice service and the assessee's foreign residency. The case was remanded for fresh adjudication, emphasizing that penalty cannot be imposed without willful default and proper notice, particularly when the assessee was absent from India during the proceedings. Case-Laws Income Tax Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772103