2011 (7) TMI 1376

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... appeals. All the appeals are filed by the assessee for the assessment years 2001-02 to 2007-08. These appeals are directed against the common order passed by the Commissioner of Income-tax (Appeals)-I, at Chennai on 19.1.2011. The appeals arise out of levy of penalty under sec.271(1)(b) of the Income-tax Act, 1961. 2. Consequent to the search carried out in the premises of one Smt. V.B. Vaidehi, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ls. The fact that the assessee is a NonResident Indian (NRI), shows that he had genuine difficulties in complying with the notices issued by the assessing authority, within the time allowed. His pre-occupation outside India definitely dilutes the gravity of the charge levelled against the assessee. 5. Therefore, in the facts and circumstances of the case, levy of penalty is not justified. Accordi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X