https://www.taxtmi.com/caselaws?id=69336 The ITAT MADRAS-A allowed the appeal, canceling the penalty imposed under section 271(1)(a) of the IT Act, 1961 for the assessment year 1973-74. The Tribunal found that the delay in filing the return was justified, as evidence showed the return was likely filed in 1973 but mistakenly considered a duplicate in 1976. The Tribunal accepted that the delay was reasonable due to unforeseen circumstances and the simultaneous filing of related returns. Consequently, the penalty was deemed unjustified, and the appeal was successful in overturning the penalty imposition. en-us Sat, 28 Nov 1981 00:00:00 +0530 Wed, 06 Apr 2011 12:45:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69336 The ITAT MADRAS-A allowed the appeal, canceling the penalty imposed under section 271(1)(a) of the IT Act, 1961 for the assessment year 1973-74. The Tribunal found that the delay in filing the return was justified, as evidence showed the return was likely filed in 1973 but mistakenly considered a duplicate in 1976. The Tribunal accepted that the delay was reasonable due to unforeseen circumstances and the simultaneous filing of related returns. Consequently, the penalty was deemed unjustified, and the appeal was successful in overturning the penalty imposition. Case-Laws Income Tax Sat, 28 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69336