Penalty Cancelled as Tax Paid Before Deadline; Appeal Allowed.

The penalty of Rs. 500 imposed by the IAC under s. 272A(2)(a) was deemed unjustified and cancelled as the appellant paid the full tax amount before the deadline with a valid reason for the delay. The appeal was allowed.

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The appeal was against a penalty of Rs. 500 imposed by the IAC under s. 272A(2)(a). The appellant paid the full tax amount before the deadline and had a valid reason for the delay in filing the return due to the illness of the accountant. The penalty was deemed unjustified and cancelled. The appeal was allowed.

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