https://www.taxtmi.com/caselaws?id=440719 The Tribunal held that the penalty imposed on the assessee under section 272A(1)(d) of the Income-tax Act for non-compliance of statutory notices was unjust as the notices were not received by the assessee and no valid reasons were provided for rejecting the contentions. The Tribunal found that there was no reasonable cause shown for the non-compliance, leading to the decision to delete the penalty imposed. As a result, the appeal of the assessee was allowed, and the penalty was directed to be deleted by the Assessing Officer. en-us Fri, 21 Jul 2023 00:00:00 +0530 Tue, 25 Jul 2023 08:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440719 The Tribunal held that the penalty imposed on the assessee under section 272A(1)(d) of the Income-tax Act for non-compliance of statutory notices was unjust as the notices were not received by the assessee and no valid reasons were provided for rejecting the contentions. The Tribunal found that there was no reasonable cause shown for the non-compliance, leading to the decision to delete the penalty imposed. As a result, the appeal of the assessee was allowed, and the penalty was directed to be deleted by the Assessing Officer. Case-Laws Income Tax Fri, 21 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440719