The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 271B of the Income Tax Act 1961 as the non-compliance of notice was not deliberate. The Assessing Officer had issued notices dated 14.03.2022 and 19.02.2022 to the assessee, Devnadi Advisory Pvt. Limited. These notices were not complied with by the…
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