https://www.taxtmi.com/caselaws?id=65881 The Tribunal upheld the penalty imposed on the assessee for a willful default in filing the income tax return, as the reasons provided for the delay were deemed unsubstantiated. The Tribunal rejected the argument that the return fell under an Amnesty Scheme, emphasizing the burden of proof on the assessee to show reasonable cause for the delay. Despite paying taxes and interest voluntarily, the penalty was upheld, distinguishing penalties from interest under the Income-tax Act. The appeal was dismissed, affirming the justification of the penalty for the delay in filing the return. en-us Fri, 27 Mar 1992 00:00:00 +0530 Sat, 19 Feb 2011 10:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65881 The Tribunal upheld the penalty imposed on the assessee for a willful default in filing the income tax return, as the reasons provided for the delay were deemed unsubstantiated. The Tribunal rejected the argument that the return fell under an Amnesty Scheme, emphasizing the burden of proof on the assessee to show reasonable cause for the delay. Despite paying taxes and interest voluntarily, the penalty was upheld, distinguishing penalties from interest under the Income-tax Act. The appeal was dismissed, affirming the justification of the penalty for the delay in filing the return. Case-Laws Income Tax Fri, 27 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65881