https://www.taxtmi.com/caselaws?id=69186 Penalty under section 271(1)(a) was not leviable where the assessee showed reasonable cause for delay in filing the return. The explanation accepted on the facts was that business decline, heavy losses, creditor pressure, ill health, lack of assistance, and staff departure prevented timely filing, and the delay was treated as arising from circumstances beyond the assessee's control. On that basis, the penalty was held not exigible and was cancelled. en-us Mon, 09 Feb 1976 00:00:00 +0530 Tue, 05 Apr 2011 16:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69186 Penalty under section 271(1)(a) was not leviable where the assessee showed reasonable cause for delay in filing the return. The explanation accepted on the facts was that business decline, heavy losses, creditor pressure, ill health, lack of assistance, and staff departure prevented timely filing, and the delay was treated as arising from circumstances beyond the assessee's control. On that basis, the penalty was held not exigible and was cancelled. Case-Laws Income Tax Mon, 09 Feb 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69186