https://www.taxtmi.com/caselaws?id=65683 The Appellate Tribunal ITAT Gauhati canceled penalties imposed on the assessee under sections 271(1)(a) and 273(b) of the IT Act for delayed filing of returns and failure to pay advance tax. The Tribunal found the assessee's belief regarding voluntary filing genuine, considering it was the first year he was required to file a return, and he promptly paid the tax upon income computation. Emphasizing the absence of intentional non-compliance, the Tribunal concluded that penalties should not be imposed without conscious disregard for the law, ultimately ruling in favor of the assessee. en-us Fri, 16 Dec 1977 00:00:00 +0530 Fri, 18 Feb 2011 13:07:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65683 The Appellate Tribunal ITAT Gauhati canceled penalties imposed on the assessee under sections 271(1)(a) and 273(b) of the IT Act for delayed filing of returns and failure to pay advance tax. The Tribunal found the assessee's belief regarding voluntary filing genuine, considering it was the first year he was required to file a return, and he promptly paid the tax upon income computation. Emphasizing the absence of intentional non-compliance, the Tribunal concluded that penalties should not be imposed without conscious disregard for the law, ultimately ruling in favor of the assessee. Case-Laws Income Tax Fri, 16 Dec 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65683