https://www.taxtmi.com/caselaws?id=67655 The Tribunal allowed the appeal by the assessee, canceling the penalty imposed under section 271(1)(a) of the Income Tax Act for delay in filing the return. The Tribunal found that the assessee, a registered firm with income below the taxable limit, had reasonable causes for the delay as it believed it was not obligated to file the return under section 139(1) until after receiving a notice under section 139(2). The Tribunal concluded that the penalty was unwarranted, as the delay was not contumacious, leading to the cancellation of the penalty. en-us Fri, 30 Apr 1976 00:00:00 +0530 Sat, 12 Mar 2011 11:44:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67655 The Tribunal allowed the appeal by the assessee, canceling the penalty imposed under section 271(1)(a) of the Income Tax Act for delay in filing the return. The Tribunal found that the assessee, a registered firm with income below the taxable limit, had reasonable causes for the delay as it believed it was not obligated to file the return under section 139(1) until after receiving a notice under section 139(2). The Tribunal concluded that the penalty was unwarranted, as the delay was not contumacious, leading to the cancellation of the penalty. Case-Laws Income Tax Fri, 30 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67655