High Court denies waiver of penalty for late filing; assessee's failure to maintain accounts promptly cited. The High Court of Delhi dismissed the writ petition seeking waiver of penalty and interest for late filing of returns. The court held that the delay was ...
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High Court denies waiver of penalty for late filing; assessee's failure to maintain accounts promptly cited.
The High Court of Delhi dismissed the writ petition seeking waiver of penalty and interest for late filing of returns. The court held that the delay was not caused by the Central Bureau of Investigation seizing account books, but by the assessee's failure to maintain accounts promptly. It was ruled that there were no grounds to interfere with the orders issued under section 273A of the Income-tax Act, 1961. Justice Manmohan Sarin delivered the judgment.
The High Court of Delhi dismissed the writ petition regarding waiver of penalty and interest for delay in filing returns. The court found that the delay was not due to the Central Bureau of Investigation seizing account books, but rather the assessee's own convenience in maintaining accounts. The court stated that there was no grounds for interference in the orders passed under section 273A of the Income-tax Act, 1961. The judgment was delivered by Justice Manmohan Sarin.
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