https://www.taxtmi.com/caselaws?id=67983 The Appellate Tribunal ITAT Jaipur partially allowed the appeal for the assessment year 1977-78, granting a two-month extension before imposing penalties for delayed tax returns. For the assessment years 1978-79 and 1979-80, the penalties were quashed based on the legal argument that penalties should not apply for delays predating the notice under section 148. The Tribunal ruled in favor of the assessee, annulling penalties for these two years. en-us Tue, 22 Dec 1987 00:00:00 +0530 Wed, 16 Mar 2011 12:07:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67983 The Appellate Tribunal ITAT Jaipur partially allowed the appeal for the assessment year 1977-78, granting a two-month extension before imposing penalties for delayed tax returns. For the assessment years 1978-79 and 1979-80, the penalties were quashed based on the legal argument that penalties should not apply for delays predating the notice under section 148. The Tribunal ruled in favor of the assessee, annulling penalties for these two years. Case-Laws Income Tax Tue, 22 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67983