https://www.taxtmi.com/caselaws?id=466315 Assessee's repeated non-appearance in response to notices under section 142(1) was held to lack reasonable cause; accordingly, penalty under section 271(1)(b) may be imposed but limited to the first default only. The Tribunal reasoned that the defaults were the same and that multiple penalties for each uncomplied notice are not warranted, resulting in restriction of the monetary penalty to a single instance. Decision was partly favorable to the assessee by reducing cumulative penalty exposure. en-us Fri, 28 Feb 2025 00:00:00 +0530 Sun, 01 Feb 2026 19:07:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466315 Assessee's repeated non-appearance in response to notices under section 142(1) was held to lack reasonable cause; accordingly, penalty under section 271(1)(b) may be imposed but limited to the first default only. The Tribunal reasoned that the defaults were the same and that multiple penalties for each uncomplied notice are not warranted, resulting in restriction of the monetary penalty to a single instance. Decision was partly favorable to the assessee by reducing cumulative penalty exposure. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466315