https://www.taxtmi.com/caselaws?id=67031 Penalty for delay in filing the return under section 271(1)(a) could not be sustained on the existing record where the assessee had challenged the assessment position and the circumstances relevant to the levy required further verification. The return was admittedly late, but the appellate material was not fully verified and the cause for delay also needed examination. The penalty was therefore set aside and the matter remitted for fresh decision after verification, granting relief to the assessee. en-us Wed, 19 May 1982 00:00:00 +0530 Tue, 08 Mar 2011 17:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67031 Penalty for delay in filing the return under section 271(1)(a) could not be sustained on the existing record where the assessee had challenged the assessment position and the circumstances relevant to the levy required further verification. The return was admittedly late, but the appellate material was not fully verified and the cause for delay also needed examination. The penalty was therefore set aside and the matter remitted for fresh decision after verification, granting relief to the assessee. Case-Laws Income Tax Wed, 19 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67031