https://www.taxtmi.com/caselaws?id=67786 Penalty for delay in filing a return under Section 271(1)(a) was held unwarranted where the assessee gave a detailed explanation based on non-receipt of share income from firms, ill-health, and counsel's inadvertence. The explanation was found reasonable and probable, was not shown to be false, and the Revenue produced no positive material to prove conscious disregard of the filing obligation. The assessment income was substantially accepted, and the absence of notice under Section 139(2) was also noted. On these facts, the penalty was cancelled. en-us Wed, 16 Apr 1980 00:00:00 +0530 Mon, 14 Mar 2011 15:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67786 Penalty for delay in filing a return under Section 271(1)(a) was held unwarranted where the assessee gave a detailed explanation based on non-receipt of share income from firms, ill-health, and counsel's inadvertence. The explanation was found reasonable and probable, was not shown to be false, and the Revenue produced no positive material to prove conscious disregard of the filing obligation. The assessment income was substantially accepted, and the absence of notice under Section 139(2) was also noted. On these facts, the penalty was cancelled. Case-Laws Income Tax Wed, 16 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67786