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TMI Blog2024 (6) TMI 1025X X X X Extracts X X X X X X X X Extracts X X X X ..... had furnished necessary documents. The reason given by the assessee for delay in responding to the notice dated 22.07.2019 seems plausible. There appears to be reasonable cause for the said failure. AO after examining the details and documents furnished by the assessee accepted the returned income for the impugned assessment year. We are of considered view that penalty levied u/s. 272A(1)(d) of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d furnished requisite details and documents as sought by the Assessing Officer (AO). The AO after examining the details and documents furnished by the assessee accepted the returned income vide assessment order dated 22.12.2019. The AO has erred in levying penalty u/s. 272A(1)(d) of the Act vide impugned order dated 13.11.2019 without appreciating the fact that the query raised by the AO was quite ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act is leviable as subsequent compliance was considered as good compliance and the defaults committed earlier were ignored by the AO. 3. Per contra, Shri S.L. Verma representing the Department supporting the impugned order pointed that a perusal of assessment order would show that the AO had given ten opportunities to the assessee to furnish necessary documents. The AO made submissions after the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d u/s. 142(1) of the Act. 5. It is an undisputed fact that subsequently the assessee has complied with the notice issued by the AO and had furnished necessary documents. The reason given by the assessee for delay in responding to the notice dated 22.07.2019 seems plausible. There appears to be reasonable cause for the said failure. The AO after examining the details and documents furnished by the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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