https://www.taxtmi.com/caselaws?id=463035 The ITAT Kolkata held that penalty under section 271(1)(b) for non-compliance with AO's notice was not justified where the assessment was completed under section 143(3) and the assessee made subsequent substantial compliance. Following precedents, the Tribunal found no wilful default by the assessee and cancelled the penalty imposed by the AO and confirmed by the CIT(A). The appeal was allowed. en-us Fri, 20 Mar 2020 00:00:00 +0530 Fri, 01 Aug 2025 22:57:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463035 The ITAT Kolkata held that penalty under section 271(1)(b) for non-compliance with AO's notice was not justified where the assessment was completed under section 143(3) and the assessee made subsequent substantial compliance. Following precedents, the Tribunal found no wilful default by the assessee and cancelled the penalty imposed by the AO and confirmed by the CIT(A). The appeal was allowed. Case-Laws Income Tax Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463035