https://www.taxtmi.com/caselaws?id=463786 ITAT upheld that the penalty under s. 272A(1)(d) was unsustainable and set aside. The tribunal found the assessment was finally completed under s. 143(3), evidencing subsequent compliance with notices under s. 142(1) and negating any willful default. In absence of recorded satisfaction in the assessment order, the AO lacked jurisdiction to levy the penalty. Given these findings, the appeal was allowed and the penalty rescinded. en-us Tue, 29 Apr 2025 00:00:00 +0530 Tue, 16 Sep 2025 13:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463786 ITAT upheld that the penalty under s. 272A(1)(d) was unsustainable and set aside. The tribunal found the assessment was finally completed under s. 143(3), evidencing subsequent compliance with notices under s. 142(1) and negating any willful default. In absence of recorded satisfaction in the assessment order, the AO lacked jurisdiction to levy the penalty. Given these findings, the appeal was allowed and the penalty rescinded. Case-Laws Income Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463786