Non-compliance with Section 142(1) notices leads to Section 271(1)(b) penalty under the Income Tax Act. No valid justification provided.

Non-compliance with Section 142(1) notices leads to Section 271(1)(b) penalty under the Income Tax Act. No valid justification provided. https://www.taxtmi.com/highlights?id=67735 Levy of penalty u/s 271(1)(b) - non-compliance of the notices issued u/s. 142(1) of the Act, neither by filing reply nor seeking time to file Reply - the assessee has not justified why he has not complied to the notices issued u/s. 142(1) by the Assessing Officer. Thus, we do not find any merits in the grounds raised by the assessee. - AT en-us Mon, 16 Jan 2023 08:42:14 +0530 Mon, 16 Jan 2023 08:42:14 +0530 TaxTMI RSS Generator Non-compliance with Section 142(1) notices leads to Section 271(1)(b) penalty under the Income Tax Act. No valid justification provided. https://www.taxtmi.com/highlights?id=67735 Levy of penalty u/s 271(1)(b) - non-compliance of the notices issued u/s. 142(1) of the Act, neither by filing reply nor seeking time to file Reply - the assessee has not justified why he has not complied to the notices issued u/s. 142(1) by the Assessing Officer. Thus, we do not find any merits in the grounds raised by the assessee. - AT Highlights Income Tax Mon, 16 Jan 2023 08:42:14 +0530 https://www.taxtmi.com/highlights?id=67735