Retrospective cancellation of charitable registration under section 12AB(4) was unsustainable; related-party benefit allegations did not prove nongenu...
Merger control notice and disclosure rules: Supreme Court limits penalties, rejects reopening of approved combination, and sets aside adverse findings...
The ITAT held that filing an adjournment application in response to a notice issued under section 142(1) does not constitute non-compliance under section 272A(1)(d). The assessee had replied to the notice seeking additional time, and there was no evidence that this request was rejected by a speaking order from the AO. The CIT(A) upheld the penalty without addressing the fact that the adjournment request was unconsidered. Consequently, the Tribunal concluded that the assessee made a valid compliance by responding to the notice, negating any willful avoidance. The penalty imposed under section 272A(1)(d) was therefore quashed, and the appeal was allowed.
The ITAT held that filing an adjournment application in response to a notice issued under section 142(1) does not constitute non-compliance under section 272A(1)(d). The assessee had replied to the notice seeking additional time, and there was no evidence that this request was rejected by a speaking order from the AO. The CIT(A) upheld the penalty without addressing the fact that the adjournment request was unconsidered. Consequently, the Tribunal concluded that the assessee made a valid compliance by responding to the notice, negating any willful avoidance. The penalty imposed under section 272A(1)(d) was therefore quashed, and the appeal was allowed.
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