No section 272A(1)(d) penalty if Assessee Complies with Section 142(1) Notice

Agrasar Education Ltd. Vs ITO (ITAT Delhi) The case of Agrasar Education Ltd. Vs ITO, presided over by the Income Tax Appellate Tribunal (ITAT) Delhi, revolves around the appeal against a penalty imposed under section 272A(1)(d) of the Income Tax Act, 1961. The primary issue at hand is whether the appellant complied with a statutory notice under section 142(1) of the Act, and consequently, the legitimacy of the penalty. In the course of assessment proceedings, the Assessing Officer (AO) issued a notice to the appellant under section 142(1) of the Act. According to the AO, the appellant did not...