Penalty u/s 271(1)(b) - non-compliance of notices issued during ...

No Penalty for Non-Compliance: Sufficient Cause Established u/s 271(1)(b) Due to Directors' Criminal Proceedings.

July 14, 2023

Case Laws Income Tax AT

Penalty u/s 271(1)(b) - non-compliance of notices issued during assessment proceedings - The assessee surely was deeply embroiled in litigations and, therefore, had plausible reasons for not complying with the notices, since there were criminal proceedings initiated against the directors of the assessee company who were trying to escape from being put behind the bars on account of the same - Thus sufficient cause has been adduced by the assessee for non-compliance to the notices - No penalty - AT

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Penalty u/s 271(1)(b) - non-compliance of notices issued during ...

No Penalty for Non-Compliance: Sufficient Cause Established u/s 271(1)(b) Due to Directors' Criminal Proceedings.

July 14, 2023

Case Laws Income Tax AT

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