https://www.taxtmi.com/caselaws?id=469115 Penalty under Section 271(1)(b) was treated as non-automatic where the assessee later furnished the required details and showed reasonable cause for the initial non-compliance; Section 273B protected the assessee from levy. Penalty under Section 271F was also held unwarranted where the assessee asserted no taxable income and established reasonable cause for non-filing, with Section 273B again applying to prevent compulsory penal consequences. The stated ratio is that penalties under Sections 271(1)(b) and 271F are not to be imposed automatically when reasonable cause is proved. en-us Fri, 28 Mar 2025 00:00:00 +0530 Tue, 02 Jun 2026 21:23:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469115 Penalty under Section 271(1)(b) was treated as non-automatic where the assessee later furnished the required details and showed reasonable cause for the initial non-compliance; Section 273B protected the assessee from levy. Penalty under Section 271F was also held unwarranted where the assessee asserted no taxable income and established reasonable cause for non-filing, with Section 273B again applying to prevent compulsory penal consequences. The stated ratio is that penalties under Sections 271(1)(b) and 271F are not to be imposed automatically when reasonable cause is proved. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469115