Reminders Aren’t New Defaults – ITAT Chennai Reduces 272A(1)(d) Levy

Govindaswamy Vishnu Sankar Anand Vs ITO (ITAT Chennai) Statutory Notice vs Reminder -Reminders Aren’t New Defaults- Only One Real Default- Penalty Overkill Corrected: ITAT Chennai Reduces 272A(1)(d) Levy The appeal concerned penalty imposed u/s 272A(1)(d) for alleged non-compliance with three notices issued u/s 142(1). AO levied a total penalty of ₹30,000 treating each notice as a separate default, & the NFAC confirmed the levy. Before the Tribunal, the Assessee argued that only one statutory notice was issued (dated 28.06.2023) & the subsequent two notices (04.08.2023 & 15.11....