ITAT deletes Section 273B penalty due to non-receipt of e-assessment notice

Ankit Khandelwal Vs Assessing Officer (ITAT Indore) In the case between Ankit Khandelwal and the Assessing Officer (AO), Income Tax Appellate Tribunal (ITAT), Indore, a notable verdict was delivered. Central to the appeal was a dispute regarding the non-receipt of faceless assessment/e-assessment notice which resulted in a penalty under Section 272A(1)(d). ITAT’s decision to dismiss this penalty forms the crux of our analysis in this piece. At the core of this case is the penalty of Rs. 30,000 imposed by the AO on Mr. Khandelwal for not complying with three statutory notices issued durin...