https://www.taxtmi.com/caselaws?id=67517 The Appellate Tribunal ITAT Jaipur ruled in multiple appeals concerning penalties under section 271(1)(a) for delayed income tax returns by three brothers jointly owning land. The penalties were initially imposed for a 67-month delay but reduced to 30 months by the Commissioner (Appeals). The Tribunal clarified penalty calculation until the return filing date and deemed the default ending when the AO assesses in the absence of a filed return. Ignorance of tax laws was accepted as a reasonable cause, canceling the penalties. The Tribunal allowed the assessees' appeals, canceling the penalties based on ignorance of law. en-us Tue, 17 Jan 1995 00:00:00 +0530 Fri, 11 Mar 2011 10:41:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67517 The Appellate Tribunal ITAT Jaipur ruled in multiple appeals concerning penalties under section 271(1)(a) for delayed income tax returns by three brothers jointly owning land. The penalties were initially imposed for a 67-month delay but reduced to 30 months by the Commissioner (Appeals). The Tribunal clarified penalty calculation until the return filing date and deemed the default ending when the AO assesses in the absence of a filed return. Ignorance of tax laws was accepted as a reasonable cause, canceling the penalties. The Tribunal allowed the assessees' appeals, canceling the penalties based on ignorance of law. Case-Laws Income Tax Tue, 17 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67517