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2020 (12) TMI 1221 - AT - Income TaxPenalty u/s 271(1)(b) - No response on the show cause issued u/s 274 - HELD THAT:- Facts on record prove that the assessee has indeed replied on 19.11.2018 and explained that the notice dated 16.10.2018 has not been received by them and there was a noting of the Assessing Officer on the letter. Thus, the observation of the Assessing Officer that there was no compliance to the show cause was contrary to the findings on the record. Hence, the penalty levied is liable to be obliterated - Appeals of the assessee are allowed.
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