https://www.taxtmi.com/caselaws?id=63154 The judgment dismissed all three appeals, affirming the penalties imposed by the ITO for delay in filing income tax returns under section 271(1)(a) of the Income Tax Act. However, instances where the delay was reasonably explained led to a reduction in the period of default for the assessee. The Appellate Tribunal upheld the reasoning of the AAC, finding the explanations acceptable and declining to interfere with the penalty decisions. en-us Thu, 23 Apr 1987 00:00:00 +0530 Fri, 28 Jan 2011 11:01:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63154 The judgment dismissed all three appeals, affirming the penalties imposed by the ITO for delay in filing income tax returns under section 271(1)(a) of the Income Tax Act. However, instances where the delay was reasonably explained led to a reduction in the period of default for the assessee. The Appellate Tribunal upheld the reasoning of the AAC, finding the explanations acceptable and declining to interfere with the penalty decisions. Case-Laws Income Tax Thu, 23 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63154