Ajanta Educational Centre vs The ITO, NFAC, Delhi

Parties Involved

Facts Summary

The assessee, Ajanta Educational Centre, is an educational society. During the assessment proceedings, notices under section 142(1) of the Income-tax Act, 1961 were issued to the assessee. The Assessing Officer alleged non-compliance with one of the notices and initiated penalty proceedings under section 271(1)(b). The assessee participated in the assessment proceedings and furnished responses to the notices issued by the Assessing Officer. The assessment was ultimately completed under section 143(3) of the Act. The assessee contended that there was reasonable cause for the alleged default.…

Legal Issues

• 1. Whether the penalty levied under section 271(1)(b) was justified.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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