There cannot be second round of Section 271(1)(b) penalty for same default

Amar Bharti Vs ACIT (ITAT Jaipur) ITAT Jaipur held that there cannot be a second round of penalty for the same defaults. Accordingly, penalty imposed u/s 271(1)(b) of the Income Tax Act for the second time is unsustainable. Facts- The case of the assessee has been selected through CASS for the purpose of ‘Limited Scrutiny’ reasons for scrutiny selection. The assessment was completed u/s. 143(3) of the Act but since the assessee has made default in the reply to the various notices issued by the ld. AO he has also initiated penalty proceeding u/s. 271(1)(b) of the Act. Notably, there is an a...