https://www.taxtmi.com/highlights?id=71892 Penalty u/s. 272A(1)(d) - non compliance to notice u/s. 142(1) due to covid pandemic - addition u/s. 68 - As it is observed that when there is a reasonable cause for the said failure, the penalty imposed u/s. 272A sub section (1) of the Act is protected as per the provision of section 272B where the penalty shall not be imposed when the assessee has substantiated reasonable cause for such failure. - AT en-us Fri, 08 Sep 2023 09:02:21 +0530 Fri, 08 Sep 2023 09:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71892 Penalty u/s. 272A(1)(d) - non compliance to notice u/s. 142(1) due to covid pandemic - addition u/s. 68 - As it is observed that when there is a reasonable cause for the said failure, the penalty imposed u/s. 272A sub section (1) of the Act is protected as per the provision of section 272B where the penalty shall not be imposed when the assessee has substantiated reasonable cause for such failure. - AT Highlights Income Tax Fri, 08 Sep 2023 09:02:21 +0530 https://www.taxtmi.com/highlights?id=71892