Assessment u/s 143(3) Nullifies Section 272A(1)(d) Penalty: ITAT Cochin

Jomon John Vs NFAC (ITAT Cochin) The case relates to a penalty of ₹10,000 levied on the assessee,  u/s 272A(1)(d), for alleged failure to comply with a statutory notice u/s 142(1). AO viewed this non-compliance as a default & issued a show cause notice, followed by the penalty order.  Despite filing a response, the AO found it unsatisfactory & imposed the penalty. CIT(A) upheld this decision, citing lack of explanation from the assessee for the default. Before the Tribunal Assessee  argued that the he did ultimately comply with the Sec 142(1) notice during the assessment proceedin...