https://www.taxtmi.com/caselaws?id=461455 ITAT Surat deleted penalty under section 271(1)(b)/272A(1)(d) for non-compliance with statutory notice. The assessee showed sufficient cause for non-compliance due to Covid-19 pandemic circumstances beyond control. The AO had granted adjournments and ultimately completed assessment under section 143(3), indicating condonation of earlier absence. Following precedent in Sanskruti Mega Structure case, the tribunal held that when assessment is completed under section 143(3) after assessee provides details, penalty for bonafide default cannot be imposed. The AO was directed to delete the impugned penalty. en-us Thu, 11 May 2023 00:00:00 +0530 Mon, 07 Apr 2025 19:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461455 ITAT Surat deleted penalty under section 271(1)(b)/272A(1)(d) for non-compliance with statutory notice. The assessee showed sufficient cause for non-compliance due to Covid-19 pandemic circumstances beyond control. The AO had granted adjournments and ultimately completed assessment under section 143(3), indicating condonation of earlier absence. Following precedent in Sanskruti Mega Structure case, the tribunal held that when assessment is completed under section 143(3) after assessee provides details, penalty for bonafide default cannot be imposed. The AO was directed to delete the impugned penalty. Case-Laws Income Tax Thu, 11 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461455