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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Penalty levied u/s 271(1)(b) and / or 272A(1)(d) - assessee ...

Income Tax

February 13, 2023

Penalty levied u/s 271(1)(b) and / or 272A(1)(d) - assessee failed to comply notice under Section 142(1) - The assessment order was passed u/s 143(3) and not under Section 144, that meant that subsequent compliance in the assessment proceedings was considered as a good compliance and defaults committed earlier were ignored by Assessing Officer and, therefore, penalty under Section 271(1)(b) was not justified - AT

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