ITAT Deletes Section 271B Penalty: Non-Compliance of Notice not Always Deliberate

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 Inc

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