https://www.taxtmi.com/caselaws?id=65921 The Tribunal allowed the appeal, finding that the assessee had reasonable cause for the delayed filing of the return, non-disclosure of ALV, and the claim of loss from the previous assessment year. As a result, no penalty under section 271(1)(a) was imposed for the assessment year 1982-83. en-us Fri, 31 Jan 1992 00:00:00 +0530 Sat, 19 Feb 2011 12:41:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65921 The Tribunal allowed the appeal, finding that the assessee had reasonable cause for the delayed filing of the return, non-disclosure of ALV, and the claim of loss from the previous assessment year. As a result, no penalty under section 271(1)(a) was imposed for the assessment year 1982-83. Case-Laws Income Tax Fri, 31 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65921