In the result, the appeal of the assessee is allowed
Bench: Shri Shamim Yahya & Shri Yogesh Kumar Us
273 B of the Income Tax Act provides that, inter alia, penalty under section 271(1)(b) need not be imposed, if it is proved that there was a reasonable cause for the said failure of the assessee to comply with the provisions of section 271(1)(b). In this case 5 we find that non-appearance of the assessee