https://www.taxtmi.com/caselaws?id=62114 Where an assessee's only income was share income from a firm, waiting to file the individual return until the firm's returns were finalised was treated as reasonable cause for delay. The explanation was found consistent with the record, and the pendency of related matters did not undermine it. On that basis, the late-filing penalties were held unsustainable and were cancelled. en-us Sat, 22 Oct 1977 00:00:00 +0530 Tue, 18 Jan 2011 11:38:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62114 Where an assessee's only income was share income from a firm, waiting to file the individual return until the firm's returns were finalised was treated as reasonable cause for delay. The explanation was found consistent with the record, and the pendency of related matters did not undermine it. On that basis, the late-filing penalties were held unsustainable and were cancelled. Case-Laws Income Tax Sat, 22 Oct 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62114