TMI BlogPenalty u/s 271(1)(b) - assessment has been completed u/s 143(3) - Assessee has not complied to the...Penalty u/s 271(1)(b) - assessment has been completed u/s 143(3) - Assessee has not complied to the statutory notice issued by the AO - Since the assessment in the instant case has ultimately been completed u/s 143(3) of the Act on the basis of various details filed by the assessee before the AO, therefore, considering the totality of the facts of the case it is not a fit case for levy of penalty u/s 271(1)(b) - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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