https://www.taxtmi.com/caselaws?id=789413 Penalty for alleged non-compliance with section 142(1) notices was held unsustainable where the assessee sought adjournment, later furnished the required details, and the Assessing Officer accepted them while completing assessment under section 143(3) at the returned income without any addition or disallowance. As the assessment was not framed under the best judgment procedure in section 144, the record did not justify levy of penalty under section 272A(1)(d). The penalty was therefore quashed in favour of the assessee. en-us Mon, 06 Apr 2026 00:00:00 +0530 Wed, 08 Apr 2026 08:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789413 Penalty for alleged non-compliance with section 142(1) notices was held unsustainable where the assessee sought adjournment, later furnished the required details, and the Assessing Officer accepted them while completing assessment under section 143(3) at the returned income without any addition or disallowance. As the assessment was not framed under the best judgment procedure in section 144, the record did not justify levy of penalty under section 272A(1)(d). The penalty was therefore quashed in favour of the assessee. Case-Laws Income Tax Mon, 06 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789413