https://www.taxtmi.com/caselaws?id=466507 Failure to respond to a notice issued under section 142(1) attracted a penalty claim under the penalty provision, but the tribunal found the penalty unjustified because the assessee subsequently complied with later notices and the assessing officer completed the assessment under section 143(3) after considering the information and evidence. The tribunal applied a precedent that treats subsequent full compliance and completion of assessment as amounting to de facto condonation of earlier non compliance, and accordingly allowed the appeal and set aside the penalty. en-us Thu, 27 Feb 2025 00:00:00 +0530 Tue, 10 Feb 2026 19:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466507 Failure to respond to a notice issued under section 142(1) attracted a penalty claim under the penalty provision, but the tribunal found the penalty unjustified because the assessee subsequently complied with later notices and the assessing officer completed the assessment under section 143(3) after considering the information and evidence. The tribunal applied a precedent that treats subsequent full compliance and completion of assessment as amounting to de facto condonation of earlier non compliance, and accordingly allowed the appeal and set aside the penalty. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466507