https://www.taxtmi.com/caselaws?id=776922 ITAT held that penalty under section 272A(1)(d) for failure to comply with notice under section 142(1) was not sustainable because the assessee demonstrated reasonable cause under section 273B: transactions involved a company that had ceased and the matter had been partly set aside in quantum proceedings, so non-compliance was not total or deliberate. The penalty imposed by the AO and confirmed by the CIT(A) was deleted and the assessee's appeal was allowed. en-us Tue, 19 Aug 2025 00:00:00 +0530 Thu, 21 Aug 2025 08:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776922 ITAT held that penalty under section 272A(1)(d) for failure to comply with notice under section 142(1) was not sustainable because the assessee demonstrated reasonable cause under section 273B: transactions involved a company that had ceased and the matter had been partly set aside in quantum proceedings, so non-compliance was not total or deliberate. The penalty imposed by the AO and confirmed by the CIT(A) was deleted and the assessee's appeal was allowed. Case-Laws Income Tax Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776922