https://www.taxtmi.com/caselaws?id=787303 Penalty for non-compliance with assessment notices may be deleted where the assessing officer completes assessment on the merits, accepts the return, and finds no escapement of income. Section 271(1)(b) uses discretionary language, allowing the assessing officer to refrain from imposing penalty when the assessee establishes a bona fide and credible reason for non-compliance. In the stated circumstances, failure to respond because emails were not verified during admission-related work was treated as genuine oversight; the nil-tax assessment supported deletion of the penalty. en-us Tue, 24 Feb 2026 00:00:00 +0530 Mon, 02 Mar 2026 08:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787303 Penalty for non-compliance with assessment notices may be deleted where the assessing officer completes assessment on the merits, accepts the return, and finds no escapement of income. Section 271(1)(b) uses discretionary language, allowing the assessing officer to refrain from imposing penalty when the assessee establishes a bona fide and credible reason for non-compliance. In the stated circumstances, failure to respond because emails were not verified during admission-related work was treated as genuine oversight; the nil-tax assessment supported deletion of the penalty. Case-Laws Income Tax Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787303