Covid 19 & mere 2 days to reply notice is reasonable cause: Section 271(1)(b) deleted

Manjeet Kaur Vs ITO (ITAT Jaipur) In the case of Manjeet Kaur vs. ITO, a crucial matter was brought before the Income Tax Appellate Tribunal (ITAT) in Jaipur. The central issue at hand was the imposition of a penalty under Section 271(1)(b) of the Income-tax Act, 1961. The appeal, filed by the assessee, contested the penalty imposed by the ld. CIT(A) and questioned the validity of the penalty under the circumstances. Detailed Analysis: The assessment in question was finalized on September 29, 2021, under Section 144 r.w.s 147 of the Income-tax Act, 1961, with an income of Rs. 20,57,003/-. Dur...