https://www.taxtmi.com/caselaws?id=450740 ITAT Chandigarh allowed the assessee's appeal against penalty u/s 272A(1)(d) for non-compliance with assessment notices. The AO issued three notices on a public holiday requiring response within two hours, which the tribunal found unreasonable. The tribunal held that while assessees must cooperate with assessment proceedings, the expectation must meet reasonableness test. Given substantial compliance by the assessee and completion of assessment u/s 143(3), no justifiable basis existed for penalty levy. The penalty was directed to be deleted. en-us Tue, 05 Mar 2024 00:00:00 +0530 Tue, 12 Mar 2024 08:55:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450740 ITAT Chandigarh allowed the assessee's appeal against penalty u/s 272A(1)(d) for non-compliance with assessment notices. The AO issued three notices on a public holiday requiring response within two hours, which the tribunal found unreasonable. The tribunal held that while assessees must cooperate with assessment proceedings, the expectation must meet reasonableness test. Given substantial compliance by the assessee and completion of assessment u/s 143(3), no justifiable basis existed for penalty levy. The penalty was directed to be deleted. Case-Laws Income Tax Tue, 05 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450740