https://www.taxtmi.com/caselaws?id=793730 Penalty under section 272A(1)(d) of the Income-tax Act was held unjustified where the assessee initially failed to comply with notices under section 142(1) but later furnished detailed replies and supporting documents that were verified and accepted by the Assessing Officer. As the assessment was completed under section 143(3) by accepting the returned income and without any adverse inference, the earlier non-compliance was treated as effectively regularised and condoned in the course of assessment. The penalty was deleted and the connected appeals were allowed in favour of the assessee. en-us Thu, 30 Apr 2026 00:00:00 +0530 Mon, 22 Jun 2026 14:13:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793730 Penalty under section 272A(1)(d) of the Income-tax Act was held unjustified where the assessee initially failed to comply with notices under section 142(1) but later furnished detailed replies and supporting documents that were verified and accepted by the Assessing Officer. As the assessment was completed under section 143(3) by accepting the returned income and without any adverse inference, the earlier non-compliance was treated as effectively regularised and condoned in the course of assessment. The penalty was deleted and the connected appeals were allowed in favour of the assessee. Case-Laws Income Tax Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793730