Tax Consultant Error: ITAT Rajkot Reduces Section 271(1)(b) Penalty on Assessee

Anila Narendra Sangani Vs ITO (ITAT Rajkot) The Income Tax Appellate Tribunal (ITAT) in Rajkot has reduced a penalty imposed on a taxpayer for failing to respond to notices during an assessment proceeding. In the case of Anila Narendra Sangani vs. ITO, the Tribunal reduced the penalty from ₹30,000 to ₹10,000, concluding that a single penalty should apply for a series of non-compliances related to the same assessment. The case involves a taxpayer, a proprietor of a firm named M/s Shreenathji Enterprise, engaged in the manufacturing of brass parts. The taxpayer’s troubles began after the I...