https://www.taxtmi.com/caselaws?id=788199 Examines imposition of monetary penalty for each failure to comply with statutory notices where the assessee did not file return, ignored notices issued under the assessment process and failed to provide a bona fide, substantiated explanation. The legal principle applied is that penalty may be levied for each separate non compliance when the assessee either offers no explanation or an unsubstantiated/false explanation and does not discharge the onus of proving reasonable cause and full disclosure; on the facts the penalty was sustained and the appeal dismissed in favour of revenue. en-us Mon, 16 Mar 2026 00:00:00 +0530 Wed, 18 Mar 2026 08:20:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788199 Examines imposition of monetary penalty for each failure to comply with statutory notices where the assessee did not file return, ignored notices issued under the assessment process and failed to provide a bona fide, substantiated explanation. The legal principle applied is that penalty may be levied for each separate non compliance when the assessee either offers no explanation or an unsubstantiated/false explanation and does not discharge the onus of proving reasonable cause and full disclosure; on the facts the penalty was sustained and the appeal dismissed in favour of revenue. Case-Laws Income Tax Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788199