https://www.taxtmi.com/caselaws?id=69340 The Tribunal canceled the penalties imposed under sections 271(1)(a) and 273 of the IT Act, 1961, finding a reasonable cause for the delay in filing the return of income and failure to file the estimate of advance tax. The judgment emphasized the necessity of establishing a reasonable cause for defaults in tax compliance matters, following relevant legal provisions and precedents cited during the proceedings. en-us Mon, 14 Jun 1982 00:00:00 +0530 Wed, 06 Apr 2011 12:52:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69340 The Tribunal canceled the penalties imposed under sections 271(1)(a) and 273 of the IT Act, 1961, finding a reasonable cause for the delay in filing the return of income and failure to file the estimate of advance tax. The judgment emphasized the necessity of establishing a reasonable cause for defaults in tax compliance matters, following relevant legal provisions and precedents cited during the proceedings. Case-Laws Income Tax Mon, 14 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69340