Section 271(1)(b) Penalty Unsustainable Without Deliberate Default: ITAT Raipur

Advertisement Sumit Global Private Limited Vs DCIT (ITAT Raipur) Section 271(1)(b) Penalty Unsustainable Without Deliberate Default; Delay Defeats Legislative Intent: ITAT Raipur The Raipur ITAT allowed the assessee’s appeals for AYs 2012-13 and 2013-14, deleting penalties of ₹20,000 each levied under Section 271(1)(b) of the Income Tax Act for alleged non-compliance with notices issued under Section 142(1). The Tribunal first condoned a delay of 16 days in filing the appeals, holding that the assessee had shown sufficient cause and that substantial justice should prevail over technical...