ITAT Agra Deletes Section 271(1)(b) Penalty Order Passed on Notice Service Day

Ganeshi Lal Narayan Das Vs DCIT (Exemption) (ITAT Agra) In the case of Ganeshi Lal Narayan Das vs. DCIT (Exemption), the Income Tax Appellate Tribunal (ITAT) Agra addressed the issue of a penalty levied under Section 271(1)(b) of the Income-tax Act, 1961. The crux of the case was whether the penalty imposed on the assessee was justified given the timing and handling of the notices and objections involved. Background: The assessee, Ganeshi Lal Narayan Das, had filed his original return of income for the assessment year 2010-11 on 29th September 2010, declaring nil income. The return was scruti...