Income Tax Act Section 271(1)(b) Penalty Canceled Due to Satisfactory Compliance in Proceedings Despite Initial Non-Compliance.

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....Penalty levied u/s 271(1)(b) - assessee had failed to provide full submissions - penalty levied by the Assessing Officer u/s 271(1)(b) of the IT Act deserves to be cancelled if there are materials to suggest on conclusion of the proceedings before the Assessing Officer; that the Assessing Officer was, on the whole, satisfied with the overall compliances made by the assessee during proceedings before the Assessing Officer - Penalty deleted - AT....