Penalty u/s 271(1)(b) on Non-Appearance will not sustain on Completion of Scrutiny Assessment: ITAT [Read Order]

Penalty - Scrutiny Assessment - ITAT - taxscan

Penalty u/s 271(1)(b) for non-appearance was deleted by the Mumbai bench of Income Tax Appellate Tribunal (ITAT) on completion of scrutiny assessment by the Assessing Officer after condoned the absence of the assessee. Shri Himanshu Gandhi appeared on behalf of the assessee and Shri B.K. Bagchi appeared on behalf of the revenue. The assessee had…

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