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2017 (11) TMI 1619 - AT - Income TaxPenalty u/s 271(1)(b) - failure to comply with the statutory notices - Held that:- The assessee claimed to be a part of the 'MDLR' Group comprising of several entities in respect of which search operations was conducted by the Income Tax department on 31.01.2008. Main reasons for non-compliance included, search operation in MDLR Group, detention of Sh. Gopal Goyal, poor turn-out of employees at work place, large number of pendency of assessments u/s 153A and preparation of voluminous details etc. The contention of the assessee before us is that the above reasons constituted a reasonable cause that prevented the assessee from complying with the notice under reference or filing letters to seek adjournments is acceptable as we find that in the case of Sh. Gobind Kumar Goyal (2017 (8) TMI 1339 - ITAT DELHI) cited by the assessee, the Tribunal has deleted the penalty under Section 271(1)(b) of the Act on similar set of circumstances.. The said case is also one of the case of 'MDLR' Group - Decided in favour of assessee.
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