https://www.taxtmi.com/caselaws?id=467861 Belated compliance with a notice under section 142(1) does not, by itself, attract penalty under section 271A(1)(d) where the assessee furnishes the requisitioned details during assessment and the response is accepted. The penalty provision applies to failure to comply with the specified notice or direction, and its ingredients are not satisfied when the notice is ultimately complied with in the assessment proceedings. On that basis, the penalty was held unsustainable and deleted in favour of the assessee. en-us Tue, 29 Aug 2023 00:00:00 +0530 Tue, 07 Apr 2026 12:24:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467861 Belated compliance with a notice under section 142(1) does not, by itself, attract penalty under section 271A(1)(d) where the assessee furnishes the requisitioned details during assessment and the response is accepted. The penalty provision applies to failure to comply with the specified notice or direction, and its ingredients are not satisfied when the notice is ultimately complied with in the assessment proceedings. On that basis, the penalty was held unsustainable and deleted in favour of the assessee. Case-Laws Income Tax Tue, 29 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467861