ITAT deletes penalty under Section 272A(1)(d) for lack of proper opportunity

Dhanasingh Nagamuthu Vs ITO (ITAT Bangalore) Dhanasingh Nagamuthu appealed against the penalty imposed under Section 272A(1)(d) of the Income Tax Act. The penalty was levied for non-compliance with a notice issued under Section 142(1) of the Act. The assessee argued that the assessing officer had not provided a proper opportunity to respond and establish reasons for non-compliance, as required under Section 274(1) of the Act. The case was brought before the ITAT Bangalore. Analysis: The ITAT Bangalore examined the facts of the case and found that the assessing officer had not disposed of the l...