Non-Compliance with Statutory Notices – ITAT Upholds Penalty u/s 271(1)(b)

Chhatrapati Sahakari Sakhar Karkhana Ltd. Vs ACIT (ITAT Pune) AO had issued notices u/s 142(1) on 01.02.2023 & 24.02.2023 & also a show cause notice u/s 144 on 27.03.2023. Assessee failed to comply with any of these notices. Before CIT(A), it was argued that delay in appeal & non-compliance occurred because notices were received by an Account Clerk who failed to inform management. CIT(A) rejected this explanation & confirmed penalty of ₹10,000/- u/s 271(1)(b). Before Tribunal, Assessee reiterated the same explanation but admitted that no adjournment request or reply had been ...