https://www.taxtmi.com/caselaws?id=65796 The Tribunal allowed the appeal by the assessee and canceled the penalty imposed under section 271(1)(a) for late filing of the return. The Tribunal found that the delay was not deliberate and was due to the late finalization of the previous year's accounts. Considering this reasonable cause, the penalty was deemed unwarranted, leading to a favorable outcome for the assessee. en-us Fri, 01 Jun 1984 00:00:00 +0530 Fri, 18 Feb 2011 17:30:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65796 The Tribunal allowed the appeal by the assessee and canceled the penalty imposed under section 271(1)(a) for late filing of the return. The Tribunal found that the delay was not deliberate and was due to the late finalization of the previous year's accounts. Considering this reasonable cause, the penalty was deemed unwarranted, leading to a favorable outcome for the assessee. Case-Laws Income Tax Fri, 01 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65796