https://www.taxtmi.com/caselaws?id=64457 The ITAT Delhi-D upheld the penalty imposed under section 271(1)(a) for late submission of the return for the assessment year 1981-82. The assessee's claim of exemption under section 10(22A) was rejected as it was not made during the assessment proceedings. The ITAT ruled that the penalty under sub-section (3) of section 271 was applicable despite the income not exceeding the non-taxable limit. The counsel's argument citing advice from previous counsel was dismissed for lack of evidence. The ITAT emphasized that tax laws do not consider equity arguments for charitable trusts in penalty proceedings, affirming the penalty for late submission. en-us Mon, 19 Mar 1990 00:00:00 +0530 Tue, 08 Feb 2011 10:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64457 The ITAT Delhi-D upheld the penalty imposed under section 271(1)(a) for late submission of the return for the assessment year 1981-82. The assessee's claim of exemption under section 10(22A) was rejected as it was not made during the assessment proceedings. The ITAT ruled that the penalty under sub-section (3) of section 271 was applicable despite the income not exceeding the non-taxable limit. The counsel's argument citing advice from previous counsel was dismissed for lack of evidence. The ITAT emphasized that tax laws do not consider equity arguments for charitable trusts in penalty proceedings, affirming the penalty for late submission. Case-Laws Income Tax Mon, 19 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64457