Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
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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