https://www.taxtmi.com/caselaws?id=67725 The Tribunal allowed the appeal, overturning the penalty imposed by the ITO for the delay in filing the return for the assessment year 1973-74. The Tribunal found that the delay was due to the counsel's mistake and not the assessee's negligence, as the assessee had provided the signed return on time. The Tribunal concluded that there was no evidence of conscious failure or dishonest conduct by the assessee, deeming the penalty unjustified and canceling it, contrary to the AAC's decision. en-us Fri, 04 Apr 1980 00:00:00 +0530 Mon, 14 Mar 2011 12:30:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67725 The Tribunal allowed the appeal, overturning the penalty imposed by the ITO for the delay in filing the return for the assessment year 1973-74. The Tribunal found that the delay was due to the counsel's mistake and not the assessee's negligence, as the assessee had provided the signed return on time. The Tribunal concluded that there was no evidence of conscious failure or dishonest conduct by the assessee, deeming the penalty unjustified and canceling it, contrary to the AAC's decision. Case-Laws Income Tax Fri, 04 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67725