Penalty U/s 272A(1)(d) Deleted: Reasonable Cause Subsequent Compliance Accepted

Tarla Jagdish Chauhan Vs CIT (ITAT Mumbai) Penalty U/s 272A(1)(d) Deleted: Reasonable Cause Subsequent Compliance Accepted The assessee was levied a penalty of ₹20,000 under Section 272A(1)(d) for non-compliance with notices issued u/s 142(1). The delay was explained on the ground that the registered email ID was hacked, and notices continued to be sent to that inaccessible email despite subsequent update. The Tribunal noted that once the assessee became aware, all required details were duly furnished, and importantly, the AO accepted the submissions in full while completing assessment u/s 1...