https://www.taxtmi.com/caselaws?id=62473 Reasonable cause must be established on the record to excuse delay in filing a return; unsupported claims about audit completion or an accountant's illness were insufficient, so the late-filing penalty remained sustainable. A voluntary payment made during the financial year may still be treated as advance tax for penalty computation where the assessee's income otherwise attracted advance-tax liability under Chapter XVII-C, even if no notice under section 210 was issued. The penalty was therefore upheld in principle for belated filing, but the base had to be recomputed after giving credit for the voluntary advance-tax payment. en-us Sat, 08 Nov 1980 00:00:00 +0530 Thu, 20 Jan 2011 10:09:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62473 Reasonable cause must be established on the record to excuse delay in filing a return; unsupported claims about audit completion or an accountant's illness were insufficient, so the late-filing penalty remained sustainable. A voluntary payment made during the financial year may still be treated as advance tax for penalty computation where the assessee's income otherwise attracted advance-tax liability under Chapter XVII-C, even if no notice under section 210 was issued. The penalty was therefore upheld in principle for belated filing, but the base had to be recomputed after giving credit for the voluntary advance-tax payment. Case-Laws Income Tax Sat, 08 Nov 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62473