https://www.taxtmi.com/caselaws?id=794802 Penalty under section 272A(1)(d) for non-compliance with section 142(1) notices was examined on a default-wise basis. The first lapse was treated as explained because the assessee later appeared before the Assessing Officer and sought adjournment, showing participation in the proceedings and supporting reasonable cause; penalty was deleted for that default. The second lapse was unsupported by any material or satisfactory explanation, so reasonable cause was not established and penalty was sustained for that non-compliance. The result was a restriction of the penalty to the second default only. en-us Wed, 08 Jul 2026 00:00:00 +0530 Sat, 11 Jul 2026 08:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794802 Penalty under section 272A(1)(d) for non-compliance with section 142(1) notices was examined on a default-wise basis. The first lapse was treated as explained because the assessee later appeared before the Assessing Officer and sought adjournment, showing participation in the proceedings and supporting reasonable cause; penalty was deleted for that default. The second lapse was unsupported by any material or satisfactory explanation, so reasonable cause was not established and penalty was sustained for that non-compliance. The result was a restriction of the penalty to the second default only. Case-Laws Income Tax Wed, 08 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794802