https://www.taxtmi.com/caselaws?id=754333 The ITAT Ahmedabad held that penalty under section 272A(1)(d) for non-compliance with notice under section 142(1) was not justified. The assessee's accountant suffered from Covid-19 illness, preventing timely response to statutory notices. A new accountant was subsequently engaged who collected information and submitted reply to the show cause notice, resulting in regular assessment order under section 143(3). The tribunal found reasonable cause for initial non-compliance and noted that eventual compliance occurred before assessment completion. The penalty was deleted as the delay was bonafide, not deliberate, particularly considering the transition from physical to digital assessment proceedings during the pandemic. en-us Wed, 19 Jun 2024 00:00:00 +0530 Fri, 21 Jun 2024 08:18:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754333 The ITAT Ahmedabad held that penalty under section 272A(1)(d) for non-compliance with notice under section 142(1) was not justified. The assessee's accountant suffered from Covid-19 illness, preventing timely response to statutory notices. A new accountant was subsequently engaged who collected information and submitted reply to the show cause notice, resulting in regular assessment order under section 143(3). The tribunal found reasonable cause for initial non-compliance and noted that eventual compliance occurred before assessment completion. The penalty was deleted as the delay was bonafide, not deliberate, particularly considering the transition from physical to digital assessment proceedings during the pandemic. Case-Laws Income Tax Wed, 19 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754333