ITAT deletes section 271(1)(b) penalty for inadequate time to reply & disputes between Partners

Vinars Enterprise Vs ITO (ITAT Rajkot) Non-response to notice is because of disputes between Partners & Inadequate time to reply, so levy of penalty u/s. 271(1)(b) deleted. The main submission of the assessee is that the assessing officer has given only 15 days’ time to respond to the notices which is inadequate, therefore penalty for non-compliance should not be levied and relied upon few case laws. The assessee also claimed the disputes between the partners which prevented from not participating in the assessment proceedings and therefore request to delete the penalty. Revenue supporte...