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ITAT Deletes Section 271B Penalty: Non-Compliance of Notice not Always Deliberate
Case Law Details
- Case Name
- Devnadi Advisory Pvt. Limited Vs ITO (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-2014
- Courts
- All ITAT, ITAT Kolkata
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Devnadi Advisory Pvt. Limited Vs ITO (ITAT Kolkata)
In a recent Income Tax Appellate Tribunal (ITAT) case in Kolkata, Devnadi Advisory Pvt. Limited Vs ITO, the tribunal deleted the penalty charged for non-compliance with the notice under section 271B of the Income Tax Act. This ruling highlighted that not all apparent non-compliance of notice is deliberate.
Case Analysis: The assessee, Devnadi Advisory Pvt. Limited, appealed against the decision by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, which confirmed a penalty of Rs. 20,000 ...
