Penalty u/s. 271(1)(b) not leviable as non-compliance was due to bonafide reasons

Pareshbhai Harshadbhai Gohel Vs DCIT (ITAT Surat) ITAT Surat held that penalty under section 271(1)(b) of the Income Tax Act not leviable merely because the assesse couldn’t make compliance due to some bonafide reasons. Facts- AO initiated and levied penalty u/s. 271(1)(b) of Rs. 10,000/- vide his order dated 20/01/2021. AO while passing the penalty order u/s. 271(1)(b) recorded that the assessee failed to comply notice under Section 142(1) dated 03/12/2020 for A.Y. 2012-13. AO issued notice u/s. 274 r.w.s. 271(1)(b) of the Act dated 08/01/2021 asking the assessee as to why penalty be not le...