https://www.taxtmi.com/caselaws?id=64622 The Appellate Tribunal ITAT DELHI-D reversed the penalty imposed under section 271(1)(a) of the IT Act, 1961 on the assessee for a delayed filing of income tax return. The Tribunal accepted the assessee's genuine belief that filing the return was unnecessary due to income below the taxable limit and the absence of a specific notice from the Income Tax Officer. Emphasizing the reasonable cause shown by the assessee, the Tribunal ruled in favor of the assessee, overturning the decisions of the lower authorities and allowing the appeal against the penalty. en-us Tue, 27 Jan 1976 00:00:00 +0530 Wed, 09 Feb 2011 10:42:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64622 The Appellate Tribunal ITAT DELHI-D reversed the penalty imposed under section 271(1)(a) of the IT Act, 1961 on the assessee for a delayed filing of income tax return. The Tribunal accepted the assessee's genuine belief that filing the return was unnecessary due to income below the taxable limit and the absence of a specific notice from the Income Tax Officer. Emphasizing the reasonable cause shown by the assessee, the Tribunal ruled in favor of the assessee, overturning the decisions of the lower authorities and allowing the appeal against the penalty. Case-Laws Income Tax Tue, 27 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64622