Levy of penalty u/s 272A(1)(d) - Non compliance to the notice(s)...

Levy of penalty u/s 272A(1)(d) - Non compliance to the notice(s) issued during the course of assessment proceedings - The ITAT noted that the assessee did respond to notices during assessment proceedings, indicating compliance. - Notices issued on a public holiday with short response times (i.e. two hours) were deemed unreasonable by the Tribunal. - The Tribunal found no justifiable basis for the penalty under section 272A(1)(d) of the Act. - Consequently, the penalty was directed to be deleted, and the appeal of the assessee was allowed.