TMI BlogThe Appellate Tribunal considered the imposition of penalty u/s 272A(1)(d) for non-compliance with a...The Appellate Tribunal considered the imposition of penalty u/s 272A(1)(d) for non-compliance with a notice u/s 142(1). The assessee eventually responded to the notice and provided the required documents, with a valid reason for the delay. The Assessing Officer accepted the income return after examining the documents. The Tribunal found a reasonable cause for the initial failure to respond and decided to delete the penalty u/s 272A(1)(d). Consequently, the assessee's appeal was allowed. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|