One-Day Notice Not Enough – ITAT Remands Section 271(1)(b) Penalty Case

Balasaheb Bhagwat Horane Vs ITO (ITAT Pune) From ‘One-Day Notice’ to ‘Second Chance’ – Penalty rushed in a day, justice restored in a paragraph– ITAT Pune remands 271(1)(b) case Assessee, an individual from Pandharpur, was levied penalty of ₹30,000 u/s 271(1)(b) for alleged non-compliance with notices u/s 142(1) dated 29.09.2020, 01.02.2021 & 22.02.2021 during assessment. AO held that Assessee failed to respond to these notices & accordingly imposed penalty. On appeal, the case took an interesting procedural turn. The appeal before NFAC (CIT(A)) was filed electronically i...