Case Law Analysis
|Income Tax Appellate Tribunal
Penalty Under Section 271(1)(b) IT Act | Single Penalty for Repeated Non-Compliance with Section 142(1) Notices : Income Tax Appellate Tribunal Delhi
ITAT Delhi holds that penalty under Section 271(1)(b) cannot be imposed separately for each non-compliant notice under Section 142(1); only one penalty applies for the first default.