Case Law Analysis
|Income Tax Appellate Tribunal
Section 272A(1)(d) IT Act | Reasonable Cause Exempts Penalty for Non-Compliance with Notices : ITAT Lucknow
ITAT Lucknow sets aside a ₹40,000 penalty under Section 272A(1)(d) after finding the assessee had valid grounds for failing to comply with notices under Sections 142(1) and 143(2). The ruling reinforces that penalties cannot be sustained without disproving the assessee’s reasonable cause defence, offering relief to taxpayers facing procedural non-compliance.