https://www.taxtmi.com/caselaws?id=466965 Where a taxpayer ultimately furnished explanations and documents and the assessment proceeded to acceptance of the return, penalties for non compliance with statutory notices were found not to be warranted; the analysis treats subsequent compliance and contemporaneous bonafide reasons for delay (severe Covid 19 disruption) as negating the justification for imposing penalties under the non compliance penalty provisions. The operative effect is deletion of the penalties and allowance of the appeals in favour of the taxpayer, reflecting the principle that reasonable cause and eventual cooperation can mitigate or negate liability for procedural default. en-us Fri, 24 Feb 2023 00:00:00 +0530 Sat, 28 Feb 2026 08:40:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466965 Where a taxpayer ultimately furnished explanations and documents and the assessment proceeded to acceptance of the return, penalties for non compliance with statutory notices were found not to be warranted; the analysis treats subsequent compliance and contemporaneous bonafide reasons for delay (severe Covid 19 disruption) as negating the justification for imposing penalties under the non compliance penalty provisions. The operative effect is deletion of the penalties and allowance of the appeals in favour of the taxpayer, reflecting the principle that reasonable cause and eventual cooperation can mitigate or negate liability for procedural default. Case-Laws Income Tax Fri, 24 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466965