Multiple Notices in Short Span + Covid Hospitalisation: ITAT Deletes section 272A(1)(d) Penalty

Vimal Pukhraj Jain Vs ITO (ITAT Mumbai) Multiple Notices in Short Span + Covid Hospitalisation = Reasonable Cause: ITAT Deletes Penalty u/s 272A(1)(d)- Penalty Cannot Be Mechanical: ITAT Mumbai Quashes ₹50,000 Levy Assessee filed an appeal before Tribunal against the order of CIT(A) wherein penalty of ₹50,000 levied u/s 272A(1)(d) was confirmed for alleged non-compliance to statutory notices. Assessee contended that delay in filing appeal of 807 days was due to genuine & bonafide reasons, as the accountant handling tax matters had left the job & new accountant later discovered that...