https://www.taxtmi.com/caselaws?id=69300 The Tribunal allowed the appeals in favor of the assessee, ruling that penalties under sections 271(1)(a) and 271(1)(c) for the assessment years 1966-67 to 1971-72 were unwarranted. It was determined that the omission to declare income from properties was inadvertent, lacking mens-rea, and the reasons provided for delay in filing the return of income, including ill health and reopened assessments, were deemed reasonable causes. The Tribunal found no evidence of willful neglect or deliberate avoidance, ultimately concluding that the penalties were unjustified based on established principles. en-us Sat, 16 Aug 1980 00:00:00 +0530 Wed, 06 Apr 2011 11:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69300 The Tribunal allowed the appeals in favor of the assessee, ruling that penalties under sections 271(1)(a) and 271(1)(c) for the assessment years 1966-67 to 1971-72 were unwarranted. It was determined that the omission to declare income from properties was inadvertent, lacking mens-rea, and the reasons provided for delay in filing the return of income, including ill health and reopened assessments, were deemed reasonable causes. The Tribunal found no evidence of willful neglect or deliberate avoidance, ultimately concluding that the penalties were unjustified based on established principles. Case-Laws Income Tax Sat, 16 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69300