The Income Tax Appellate Tribunal deleted the penalty levied u/s ...

Penalty waived for Covid-19 delays in responding to income tax notice.

December 13, 2024

Case Laws Income Tax AT

The Income Tax Appellate Tribunal deleted the penalty levied u/s 271(1)(b) for non-compliance with a notice issued u/s 142(1) during reassessment proceedings. Considering the extraordinary circumstances of the Covid-19 pandemic, lockdowns, and the suffering caused, the Tribunal held that the department should have taken a liberal view in condoning the default. The assessee's non-compliance was covered u/s 273B, read with Section 271(1)(b), as Section 271(1)(b) is subject to Section 273B. The assessee's appeal was allowed, and the penalty was deleted.

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The Income Tax Appellate Tribunal deleted the penalty levied u/s ...

Penalty waived for Covid-19 delays in responding to income tax notice.

December 13, 2024

Case Laws Income Tax AT

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