https://www.taxtmi.com/caselaws?id=67761 The Tribunal overturned penalties imposed on the assessee under section 271(1)(a) of the Income Tax Act for late filing of returns for the assessment years 1966-67 and 1969-70. The Tribunal found that the assessee had reasonable causes for the delay, including engaging in litigation and settlement discussions with tax authorities. Emphasizing the lack of contumacious conduct, the Tribunal ruled in favor of the assessee, canceling the penalties based on the precedent set in Hindustan Steel Limited vs. State of Orissa. en-us Fri, 31 Aug 1979 00:00:00 +0530 Mon, 14 Mar 2011 14:50:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67761 The Tribunal overturned penalties imposed on the assessee under section 271(1)(a) of the Income Tax Act for late filing of returns for the assessment years 1966-67 and 1969-70. The Tribunal found that the assessee had reasonable causes for the delay, including engaging in litigation and settlement discussions with tax authorities. Emphasizing the lack of contumacious conduct, the Tribunal ruled in favor of the assessee, canceling the penalties based on the precedent set in Hindustan Steel Limited vs. State of Orissa. Case-Laws Income Tax Fri, 31 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67761