No Penalty under Section 272A if the Assessee failed to reply Intitial Notice but replied subsequent notices
Penalty Under Section 272A Not Justified When Assessee Eventually Complies and Assessment is Completed Key Facts: The AO initiated penalty proceedings under Section 270A and 272A(1)(d) for the assessee’s failure to respond to notices. The assessee did not respond to the initial notices but provided the required information in response to subsequent notices. The AO… Read More »