Penalty u/s 271A(1)(d) of Income Tax Act shall not be Levied,  if Assessee Shows Reasonable Cause for Non compliance of Statutory Notices: ITAT [Read Order]

Penalty - Income Tax Act - non compliance of statutory notices - ITAT - Income Tax - taxscan

The Income Tax Appellate Tribunal (ITAT) Delhi bench held that the penalty under Section 271A(1)(d) of Income Tax Act, 1961 should not be levied if the assessee shows the reasonable cause for non compliance of the statutory notices. The Assessing officer did not accept submission of the assessed penalty. Assessee, Bijender Lather assessment order was completed…

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