https://www.taxtmi.com/caselaws?id=467538 Penalties under section 271(1)(b) and section 272A(1)(d) were deleted because the Tribunal accepted that the assessee had shown reasonable cause for the defaults. After examining the appeal record and the material placed before it, the ITAT held that sustaining the penalties was not justified on the facts and circumstances demonstrated by the assessee. The appeals were therefore allowed in favour of the assessee. en-us Tue, 18 Feb 2025 00:00:00 +0530 Mon, 23 Mar 2026 20:37:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467538 Penalties under section 271(1)(b) and section 272A(1)(d) were deleted because the Tribunal accepted that the assessee had shown reasonable cause for the defaults. After examining the appeal record and the material placed before it, the ITAT held that sustaining the penalties was not justified on the facts and circumstances demonstrated by the assessee. The appeals were therefore allowed in favour of the assessee. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467538