No section 271(1)(b) Penalty Levied for Non-Appearance Due to Unreceived Notice

Sh. Akshat Doneria Vs ITO (ITAT Agra) Introduction: In a landmark ruling, the Income Tax Appellate Tribunal (ITAT) Agra ruled in the case of Sh. Akshat Doneria Vs ITO that a penalty cannot be imposed under section 271(1)(b) if non-compliance occurs due to the non-receipt of the notice. This article delves into the facts of the case, the appeals made, and the ultimate verdict that set a precedent for similar future scenarios. Analysis: The assessee in this case, Akshat Doneria, was initially imposed a penalty for his non-compliance with the notice issued under section 142(1). The argument put f...