https://www.taxtmi.com/caselaws?id=789650 Penalty under section 272A(1)(d) was held unsustainable where the assessee made delayed but actual compliance to notices under section 142(1), and the assessment under section 143(3) was completed after the replies and supporting documents were taken on record. The subsequent compliance effectively regularised the earlier defaults, so the past procedural lapse did not justify penalty. The assessee also showed reasonable cause under section 273B through affidavit-supported explanations, including administrative difficulties and absence of key finance personnel, with no material showing wilful delay. On both grounds, the penalty was deleted. en-us Fri, 27 Feb 2026 00:00:00 +0530 Sat, 11 Apr 2026 08:53:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789650 Penalty under section 272A(1)(d) was held unsustainable where the assessee made delayed but actual compliance to notices under section 142(1), and the assessment under section 143(3) was completed after the replies and supporting documents were taken on record. The subsequent compliance effectively regularised the earlier defaults, so the past procedural lapse did not justify penalty. The assessee also showed reasonable cause under section 273B through affidavit-supported explanations, including administrative difficulties and absence of key finance personnel, with no material showing wilful delay. On both grounds, the penalty was deleted. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789650