The case involves penalty imposition u/s 272A(1)(d) for non-compliance with statutory notices issued...

The case involves penalty imposition u/s 272A(1)(d) for non-compliance with statutory notices issued u/ss 143(2) and 142(1). Assessee explained non-compliance due to a hostile Director holding relevant information. The argument that subsequent compliance cannot be considered as assessment was u/s 144 was dismissed. Assessee's argument focused on substantial compliance post-penalty order. Penalty u/s 272A(1)(d) was deleted, and assessee's appeal allowed by the Appellate Tribunal (ITAT). .....

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