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<h1>Tribunal cancels penalty for late tax return due to illness and business growth.</h1> The Tribunal cancelled the penalty of Rs. 2,630 imposed by the ITO under section 271(1)(a) of the Income-tax Act for the assessment year 1978-79, citing ... - The appeal was against a penalty of Rs. 2,630 imposed by the ITO under section 271(1)(a) of the Income-tax Act for the assessment year 1978-79. The delay in filing the return was explained due to illness of the accountant and an increase in business. The Tribunal found the delay justified and cancelled the penalty.