https://www.taxtmi.com/caselaws?id=65786 The Appellate Tribunal upheld the cancellation of the penalty imposed on a registered firm under section 271(1)(a) of the Income Tax Act, 1961 for delay in filing the return of income for the assessment year 1976-77. The Tribunal found that the delay was justified due to the distance between the headquarters and the work site, allowing the firm time to compile accounts. It concluded that the penalty imposition was unwarranted, noting discrepancies in dates and confirming timely filing of the return. The Department's appeal was dismissed, affirming the cancellation of the penalty. en-us Thu, 11 Aug 1983 00:00:00 +0530 Fri, 18 Feb 2011 17:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65786 The Appellate Tribunal upheld the cancellation of the penalty imposed on a registered firm under section 271(1)(a) of the Income Tax Act, 1961 for delay in filing the return of income for the assessment year 1976-77. The Tribunal found that the delay was justified due to the distance between the headquarters and the work site, allowing the firm time to compile accounts. It concluded that the penalty imposition was unwarranted, noting discrepancies in dates and confirming timely filing of the return. The Department's appeal was dismissed, affirming the cancellation of the penalty. Case-Laws Income Tax Thu, 11 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65786