https://www.taxtmi.com/caselaws?id=69373 A penalty for delayed filing of a return is sustainable where the assessee cannot prove reasonable cause for the default. Unsupported assertions that delay resulted from auditor negligence are insufficient without evidence of when papers were given, why the delay occurred, or any material showing due diligence. A claimed bona fide belief that income was below the taxable limit does not excuse non-filing after a notice under section 139(2) has been issued, because that notice creates a legal obligation to file the return. The stated principle is that statutory default remains unexcused unless reasonable cause is established on the facts. en-us Sat, 28 Jul 1984 00:00:00 +0530 Wed, 06 Apr 2011 14:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69373 A penalty for delayed filing of a return is sustainable where the assessee cannot prove reasonable cause for the default. Unsupported assertions that delay resulted from auditor negligence are insufficient without evidence of when papers were given, why the delay occurred, or any material showing due diligence. A claimed bona fide belief that income was below the taxable limit does not excuse non-filing after a notice under section 139(2) has been issued, because that notice creates a legal obligation to file the return. The stated principle is that statutory default remains unexcused unless reasonable cause is established on the facts. Case-Laws Income Tax Sat, 28 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69373