https://www.taxtmi.com/caselaws?id=69207 The penalty imposed under section 271(1)(a) of the Income-tax Act, 1961 for non-compliance with the notice under section 139(2) for the assessment year 1973-74 was canceled by the Appellate Asstt. Commissioner. The cancellation was based on finding a reasonable cause for the delay in filing the return of income and the absence of communication rejecting the extension request by the assessee, who was also a partner in two firms. The Tribunal upheld the cancellation of the penalty, emphasizing the lack of evidence showing wilful default and confirming the Appellate Asstt. Commissioner's decision. en-us Thu, 18 Nov 1976 00:00:00 +0530 Tue, 05 Apr 2011 17:19:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69207 The penalty imposed under section 271(1)(a) of the Income-tax Act, 1961 for non-compliance with the notice under section 139(2) for the assessment year 1973-74 was canceled by the Appellate Asstt. Commissioner. The cancellation was based on finding a reasonable cause for the delay in filing the return of income and the absence of communication rejecting the extension request by the assessee, who was also a partner in two firms. The Tribunal upheld the cancellation of the penalty, emphasizing the lack of evidence showing wilful default and confirming the Appellate Asstt. Commissioner's decision. Case-Laws Income Tax Thu, 18 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69207