https://www.taxtmi.com/caselaws?id=777737 ITAT held that penalty under s. 272A(1)(d) was not justified where the assessee failed to comply with two s.142(1) notices due to the authorised representative being temporarily out of town, causing an inadvertent lapse. The explanation was found bona fide, not willful or contumacious, and constituted reasonable cause; reliance on precedents supporting no penalty in such circumstances was accepted. The levy of penalty was set aside and the assessee's appeal allowed. en-us Mon, 25 Aug 2025 00:00:00 +0530 Thu, 04 Sep 2025 08:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777737 ITAT held that penalty under s. 272A(1)(d) was not justified where the assessee failed to comply with two s.142(1) notices due to the authorised representative being temporarily out of town, causing an inadvertent lapse. The explanation was found bona fide, not willful or contumacious, and constituted reasonable cause; reliance on precedents supporting no penalty in such circumstances was accepted. The levy of penalty was set aside and the assessee's appeal allowed. Case-Laws Income Tax Mon, 25 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777737