https://www.taxtmi.com/caselaws?id=63141 The court upheld the imposition of a penalty for late filing of an income tax return by an individual assessee but reduced the delay period from 35 months to 13 months. The ld. AAC's cancellation of the penalty was deemed unwarranted, and the penalty of Rs. 4,960 under section 271(1)(a) of the IT Act, 1961 was confirmed. The court considered the specific circumstances of the case and concluded that while there was no complete justification for canceling the penalty, a reduction in the delay period was appropriate. en-us Wed, 09 Apr 1986 00:00:00 +0530 Fri, 28 Jan 2011 10:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63141 The court upheld the imposition of a penalty for late filing of an income tax return by an individual assessee but reduced the delay period from 35 months to 13 months. The ld. AAC's cancellation of the penalty was deemed unwarranted, and the penalty of Rs. 4,960 under section 271(1)(a) of the IT Act, 1961 was confirmed. The court considered the specific circumstances of the case and concluded that while there was no complete justification for canceling the penalty, a reduction in the delay period was appropriate. Case-Laws Income Tax Wed, 09 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63141