https://www.taxtmi.com/caselaws?id=66994 The Judicial Member (JM) of the Income Tax Appellate Tribunal (ITAT) canceled the penalty of Rs. 491 imposed under section 271(1)(a) of the IT Act, 1961, as the assessee had valid reasons for the delay in filing the return of income. Additionally, the penalty imposed under section 273(c) was canceled by the JM, as it was found that penalties cannot be imposed on a different charge than the one initiated. The judgment underscores the importance of valid reasons for delays in filing returns and the necessity for penalty charges to align with the charges initiated during proceedings. en-us Thu, 23 Oct 1980 00:00:00 +0530 Tue, 08 Mar 2011 16:30:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66994 The Judicial Member (JM) of the Income Tax Appellate Tribunal (ITAT) canceled the penalty of Rs. 491 imposed under section 271(1)(a) of the IT Act, 1961, as the assessee had valid reasons for the delay in filing the return of income. Additionally, the penalty imposed under section 273(c) was canceled by the JM, as it was found that penalties cannot be imposed on a different charge than the one initiated. The judgment underscores the importance of valid reasons for delays in filing returns and the necessity for penalty charges to align with the charges initiated during proceedings. Case-Laws Income Tax Thu, 23 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66994