https://www.taxtmi.com/caselaws?id=66979 Penalty for late filing of a return was held not leviable where the assessee had sought extension of time and no order or communication rejecting those applications was made. The assessee was entitled to form a bona fide belief that the requested extension had been allowed, and that reasonable cause explained the delay. On that basis, the penalty under section 271(1)(a) of the Income-tax Act, 1961 was cancelled and the cancellation was upheld. en-us Wed, 30 Jul 1980 00:00:00 +0530 Tue, 08 Mar 2011 15:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66979 Penalty for late filing of a return was held not leviable where the assessee had sought extension of time and no order or communication rejecting those applications was made. The assessee was entitled to form a bona fide belief that the requested extension had been allowed, and that reasonable cause explained the delay. On that basis, the penalty under section 271(1)(a) of the Income-tax Act, 1961 was cancelled and the cancellation was upheld. Case-Laws Income Tax Wed, 30 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66979