https://www.taxtmi.com/caselaws?id=62055 Penalty for delayed filing of returns under section 271(1)(a) is not automatic and requires material showing conscious disregard of the statutory obligation. Although the assessee's explanation based on workload and audit finalisation was found unsatisfactory, the delay was short and there was no evidence of deliberate default. On that basis, the penalty was deleted and the appeals succeeded. en-us Wed, 13 Aug 1975 00:00:00 +0530 Mon, 17 Jan 2011 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62055 Penalty for delayed filing of returns under section 271(1)(a) is not automatic and requires material showing conscious disregard of the statutory obligation. Although the assessee's explanation based on workload and audit finalisation was found unsatisfactory, the delay was short and there was no evidence of deliberate default. On that basis, the penalty was deleted and the appeals succeeded. Case-Laws Income Tax Wed, 13 Aug 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62055