ITAT deletes section 272A(1)(c) penalty for default due to Ignorance of law

Suresh Kumar Agarwal Vs JDIT (ITAT Jaipur) ITAT perused materials available& observed that learned CIT (A) erred in upholding the order by the AO, Where the assessee admitted his delay in reply for the notice and delay in complying the summons. Assessee submitted that he was a small business contractor and he was not aware of the notices sent to him. Once he received the notices, he was not aware of the procedure to levy tax and reply to the notice.  Learned CIT (A) failed to observe the submissions made by the Assessee. We are of the view that there is no finding of the AO based on some ...