https://www.taxtmi.com/caselaws?id=67700 The Tribunal canceled the penalties imposed under section 271(1)(a) of the Income Tax Act for the assessment years 1974-75 and 1975-76. It found that the delays in filing the returns were due to genuine difficulties faced by the assessee, with no evidence of deliberate intention to delay. The Tribunal considered the explanations provided by the assessee as reasonable, noting that the returns were filed promptly upon obtaining necessary information. It emphasized that the delays were beyond the assessee's control and overturned the penalties imposed by the lower authorities, citing lack of justification for upholding the penalties. en-us Thu, 15 Jun 1978 00:00:00 +0530 Mon, 14 Mar 2011 10:58:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67700 The Tribunal canceled the penalties imposed under section 271(1)(a) of the Income Tax Act for the assessment years 1974-75 and 1975-76. It found that the delays in filing the returns were due to genuine difficulties faced by the assessee, with no evidence of deliberate intention to delay. The Tribunal considered the explanations provided by the assessee as reasonable, noting that the returns were filed promptly upon obtaining necessary information. It emphasized that the delays were beyond the assessee's control and overturned the penalties imposed by the lower authorities, citing lack of justification for upholding the penalties. Case-Laws Income Tax Thu, 15 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67700