Penalty for Non-Compliance Cannot Stand When Assessment Is Completed Under Section 143(3)

Ujjain Dugdh Sangh (Sah) Maryadit Vs DCIT/ACIT-1 (ITAT Indore) The appeal before the Income Tax Appellate Tribunal, Indore Bench concerned the validity of a penalty of ₹30,000 imposed under Section 272A(1)(d) of the Income-tax Act, 1961 for alleged non-compliance with statutory notices during assessment proceedings for Assessment Year 2020–21. The penalty had been levied by the Assessing Officer (AO) for non-compliance with three notices issued under Section 142(1) of the Income-tax Act, 1961 dated 30.10.2021, 22.02.022, and 26.07.2022. A penalty of ₹10,000 was imposed for each notice, t...