Case Law Analysis
|Income Tax Appellate Tribunal
Section 272A(1)(d) IT Act | Penalty for Non-Compliance Waived If No Revenue Prejudice: ITAT Delhi
ITAT Delhi sets aside a ₹40,000 penalty under Section 272A(1)(d) for non-compliance with notices u/s 142(1) and 143(2), ruling that penalties are unwarranted if no revenue prejudice is established. The decision reinforces that procedural lapses alone cannot justify penalties absent demonstrable harm to tax authorities.