https://www.taxtmi.com/caselaws?id=466269 Penalty for failure to respond to assessment notices was assessed under tax penalty provisions; tribunal found that illness of the director and bereavement constituted a reasonable cause, and that a change of professional contributed to non-response. The tribunal applied the principle that penalty proceedings are quasi-criminal and should be imposed only for deliberate, contumacious, dishonest, or consciously disregarding conduct, allowing judicial discretion to refuse penalty for technical or venial breaches or bona fide beliefs. Applying these standards, the tribunal held the assessee entitled to immunity from penalty and allowed the appeal, setting aside the penalty order. en-us Fri, 20 Dec 2024 00:00:00 +0530 Sat, 31 Jan 2026 19:28:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466269 Penalty for failure to respond to assessment notices was assessed under tax penalty provisions; tribunal found that illness of the director and bereavement constituted a reasonable cause, and that a change of professional contributed to non-response. The tribunal applied the principle that penalty proceedings are quasi-criminal and should be imposed only for deliberate, contumacious, dishonest, or consciously disregarding conduct, allowing judicial discretion to refuse penalty for technical or venial breaches or bona fide beliefs. Applying these standards, the tribunal held the assessee entitled to immunity from penalty and allowed the appeal, setting aside the penalty order. Case-Laws Income Tax Fri, 20 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466269