https://www.taxtmi.com/caselaws?id=789030 Penalty for alleged non-compliance with statutory notices under section 272A(1)(d) of the Income-tax Act, 1961 was deleted because the Tribunal found the assessment itself had already been restored to the Assessing Officer for de novo consideration and the assessee's overall conduct warranted interference in the interests of justice. The ruling treats the penalty as unsustainable in the circumstances, as the underlying assessment proceedings were still open for fresh examination and the factual matrix did not justify maintaining the penal order. en-us Thu, 12 Mar 2026 00:00:00 +0530 Thu, 02 Apr 2026 08:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789030 Penalty for alleged non-compliance with statutory notices under section 272A(1)(d) of the Income-tax Act, 1961 was deleted because the Tribunal found the assessment itself had already been restored to the Assessing Officer for de novo consideration and the assessee's overall conduct warranted interference in the interests of justice. The ruling treats the penalty as unsustainable in the circumstances, as the underlying assessment proceedings were still open for fresh examination and the factual matrix did not justify maintaining the penal order. Case-Laws Income Tax Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789030