ITAT Deletes Penalty under Section 272A(1)(d) for Technological Illiteracy and Third-Party Negligence

Maqsood Ali Vs ITO (ITAT Delhi) Introduction: The case of Maqsood Ali Vs ITO (ITAT Delhi) represents a significant ruling in tax law history, where the Income Tax Appellate Tribunal (ITAT) held that penalties under section 272A(1)(d) of the Income Tax Act should not be imposed if a reasonable cause for non-compliance of statutory notices is presented. Analysis: In this case, Maqsood Ali, the appellant, filed an appeal against the imposition of a penalty under section 272A(1)(d) by the Assessing Officer (AO). The penalty was imposed due to Ali’s non-compliance with multiple statutory noti...