https://www.taxtmi.com/caselaws?id=63942 The Tribunal held that penalties could be imposed on a charitable trust for late filing of income tax returns for assessment years 1983-84 and 1984-85. It ruled that the AAC erred in canceling the penalty based on section 271(3)(d) of the Income-tax Act, directing the assessing officer to recalculate penalties without considering certain provisions. The decision set aside the earlier ruling and allowed the revenue's appeals partially, permitting penalties based on the recalculated income of the trust. en-us Fri, 28 Sep 1990 00:00:00 +0530 Wed, 02 Feb 2011 17:49:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63942 The Tribunal held that penalties could be imposed on a charitable trust for late filing of income tax returns for assessment years 1983-84 and 1984-85. It ruled that the AAC erred in canceling the penalty based on section 271(3)(d) of the Income-tax Act, directing the assessing officer to recalculate penalties without considering certain provisions. The decision set aside the earlier ruling and allowed the revenue's appeals partially, permitting penalties based on the recalculated income of the trust. Case-Laws Income Tax Fri, 28 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63942