https://www.taxtmi.com/caselaws?id=463017 The ITAT Kolkata held that the penalty under section 271(1)(b) could not be imposed where the assessee made substantial compliance by filing the assessment under section 143(3). The tribunal found no willful default despite the assessee's delayed response to notices under section 142(1). Relying on a precedent from ITAT Delhi, the tribunal concluded that the delay did not amount to intentional evasion. Consequently, the penalty order was set aside and the assessee's appeal was allowed. en-us Tue, 31 Oct 2017 00:00:00 +0530 Thu, 31 Jul 2025 20:20:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463017 The ITAT Kolkata held that the penalty under section 271(1)(b) could not be imposed where the assessee made substantial compliance by filing the assessment under section 143(3). The tribunal found no willful default despite the assessee's delayed response to notices under section 142(1). Relying on a precedent from ITAT Delhi, the tribunal concluded that the delay did not amount to intentional evasion. Consequently, the penalty order was set aside and the assessee's appeal was allowed. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463017