https://www.taxtmi.com/caselaws?id=791750 Penalty for non-compliance with notices under section 142(1) was treated as independent of any challenge to the limitation or validity of the notice under section 148, and the assessee's failure to respond remained punishable in the absence of demonstrated reasonable cause under section 273B. On that footing, the penalty was sustained in principle. However, since the three defaults were identical in nature, they were treated as one default on a lenient view for penalty computation, and the penalty amount was reduced accordingly. en-us Thu, 14 May 2026 00:00:00 +0530 Sat, 16 May 2026 09:09:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791750 Penalty for non-compliance with notices under section 142(1) was treated as independent of any challenge to the limitation or validity of the notice under section 148, and the assessee's failure to respond remained punishable in the absence of demonstrated reasonable cause under section 273B. On that footing, the penalty was sustained in principle. However, since the three defaults were identical in nature, they were treated as one default on a lenient view for penalty computation, and the penalty amount was reduced accordingly. Case-Laws Income Tax Thu, 14 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791750