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2017 (9) TMI 313 - AT - Income TaxLevy of penalty u/s 271(l)(b) - failure to comply with the statutory notices - Held that:- Failure to comply with certain statutory notices on a particular date was due to reasonable cause as highlighted by the assessee not only during the course of the assessment proceedings but also before the AO and Ld. CIT(Appeals) in the impugned penalty proceedings and hence penalty cannot be levied in such circumstances. Accordingly, the appeal of the assessee deserves to be allowed.
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