‘Non-cooperative attitude’ alone cannot justify penalties: ITAT Delhi

Alankit Imaginations Ltd Vs DCIT (ITAT Delhi) Introduction: In the case of Alankit Imaginations Ltd vs. DCIT (ITAT Delhi), the Income Tax Appellate Tribunal (ITAT) addressed penalty proceedings under Section 271(1)(b) of the Income Tax Act, 1961, and Section 272A(1)(d) of the Act. The central issue revolved around whether penalties could be imposed solely based on a ‘non-cooperative attitude’ of the assessee. This article delves into the case, offering a comprehensive analysis of the proceedings and the tribunal’s decision. Common Background: The appeals in question pertain t...