CA Led Trust Fails to Respond to Notices; ITAT Grants Final Chance and Imposes ₹2,500 Penalty

ITAT granted a CA-led trust a final chance to respond to notices and imposed a penalty for failing to do so. The tribunal noted the trust's repeated non-compliance despite multiple opportunities to present its case. While providing a final opportunity, the imposition of a penalty serves as a reminder of the importance of responding to official communications from tax authorities in a timely manner. This decision balances the need for fair hearings with the obligation of taxpayers to cooperate with tax proceedings and adhere to deadlines.