https://www.taxtmi.com/caselaws?id=63470 The Tribunal canceled the penalty imposed on a registered partnership firm for failing to deliver declarations in Form No. 15H within the prescribed time under section 272A(2)(f) read with section 274 of the Income-tax Act, 1961. The appellant's failure was deemed a bona fide mistake due to ignorance of the law, with no guilty intention or benefit derived from the delay, resulting in no loss to the revenue. As a result, the penalty was revoked, and the appeal was allowed. en-us Wed, 09 Oct 1996 00:00:00 +0530 Mon, 31 Jan 2011 11:29:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63470 The Tribunal canceled the penalty imposed on a registered partnership firm for failing to deliver declarations in Form No. 15H within the prescribed time under section 272A(2)(f) read with section 274 of the Income-tax Act, 1961. The appellant's failure was deemed a bona fide mistake due to ignorance of the law, with no guilty intention or benefit derived from the delay, resulting in no loss to the revenue. As a result, the penalty was revoked, and the appeal was allowed. Case-Laws Income Tax Wed, 09 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63470