https://www.taxtmi.com/caselaws?id=61603 The Tribunal allowed the appeal of the assessee, deleting the penalty imposed under s. 272A(2)(f) for the delay in filing declarations in Form No. 15H. The Tribunal considered ignorance of law as a reasonable cause for the delay, emphasizing that penalties should not be imposed without a conscious disregard for statutory provisions. It concluded that the delay was unintentional, leading to the removal of the penalty. en-us Mon, 13 Dec 2004 00:00:00 +0530 Thu, 13 Jan 2011 15:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61603 The Tribunal allowed the appeal of the assessee, deleting the penalty imposed under s. 272A(2)(f) for the delay in filing declarations in Form No. 15H. The Tribunal considered ignorance of law as a reasonable cause for the delay, emphasizing that penalties should not be imposed without a conscious disregard for statutory provisions. It concluded that the delay was unintentional, leading to the removal of the penalty. Case-Laws Income Tax Mon, 13 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61603