https://www.taxtmi.com/caselaws?id=65041 The Tribunal upheld the penalty imposed under section 271(1)(a) of the Income-tax Act, 1961 on the assessee for a delayed return filing for the assessment year 1978-79. Despite the assessee providing various reasons for the delay, including staff changes and ongoing audits, the Tribunal deemed them insufficient. The burden of proof for showing a reasonable cause for delay was placed on the revenue, and in this case, the Tribunal found that the assessee, a large public limited company, was aware of its obligations but failed to provide a valid reason for the delay. The Tribunal also rejected arguments related to interest charged under section 139(8) and the non-issuance of a notice under section 139(2), ultimately upholding the penalty imposed by the ITO. en-us Wed, 08 Oct 1986 00:00:00 +0530 Fri, 11 Feb 2011 18:12:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65041 The Tribunal upheld the penalty imposed under section 271(1)(a) of the Income-tax Act, 1961 on the assessee for a delayed return filing for the assessment year 1978-79. Despite the assessee providing various reasons for the delay, including staff changes and ongoing audits, the Tribunal deemed them insufficient. The burden of proof for showing a reasonable cause for delay was placed on the revenue, and in this case, the Tribunal found that the assessee, a large public limited company, was aware of its obligations but failed to provide a valid reason for the delay. The Tribunal also rejected arguments related to interest charged under section 139(8) and the non-issuance of a notice under section 139(2), ultimately upholding the penalty imposed by the ITO. Case-Laws Income Tax Wed, 08 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65041