https://www.taxtmi.com/caselaws?id=63603 The Tribunal canceled the penalty imposed under section 271(1)(A) of the Income Tax Act, 1961 for late filing of the return. The Tribunal found that the assessee had applied for an extension of time, which was granted until 30th September, 1971. Despite filing the return on 14th September, 1971, within the extended period, the Income Tax Officer failed to communicate the extension approval to the assessee, leading to a misunderstanding. The Tribunal concluded that the assessee acted diligently, resulting in the cancellation of the penalty and allowing the appeal. en-us Fri, 14 Jan 1977 00:00:00 +0530 Tue, 01 Feb 2011 10:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63603 The Tribunal canceled the penalty imposed under section 271(1)(A) of the Income Tax Act, 1961 for late filing of the return. The Tribunal found that the assessee had applied for an extension of time, which was granted until 30th September, 1971. Despite filing the return on 14th September, 1971, within the extended period, the Income Tax Officer failed to communicate the extension approval to the assessee, leading to a misunderstanding. The Tribunal concluded that the assessee acted diligently, resulting in the cancellation of the penalty and allowing the appeal. Case-Laws Income Tax Fri, 14 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63603