https://www.taxtmi.com/highlights?id=98564 Penalty under section 272A(1)(d) for non-compliance with notices under section 142(1) was held not exigible where the assessee sought adjournments, stated that the information was under compilation, and later furnished the required details. The Tribunal noted that the scrutiny assessment was completed under section 143(3) on the returned income itself, so the matter did not involve persistent default or a best judgment assessment under section 144. On these facts, the penalty was quashed. en-us Wed, 08 Apr 2026 08:56:59 +0530 Wed, 08 Apr 2026 08:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=98564 Penalty under section 272A(1)(d) for non-compliance with notices under section 142(1) was held not exigible where the assessee sought adjournments, stated that the information was under compilation, and later furnished the required details. The Tribunal noted that the scrutiny assessment was completed under section 143(3) on the returned income itself, so the matter did not involve persistent default or a best judgment assessment under section 144. On these facts, the penalty was quashed. Highlights Income Tax Wed, 08 Apr 2026 08:56:59 +0530 https://www.taxtmi.com/highlights?id=98564