https://www.taxtmi.com/caselaws?id=69727 Penalty for delay in filing a return under section 271(1)(a) was held unsustainable where the assessee had sought extensions and filed the return shortly after the extended period. The absence of material showing deliberate withholding, conscious disregard of the statutory duty, or contumacious conduct meant that late filing could not by itself justify penalty. A merely prima facie unreasonable explanation was insufficient; the penalty provision required a finding of deliberate defiance of law or dishonest conduct. On these facts, the penalty was cancelled in favour of the assessee. en-us Wed, 04 Oct 1978 00:00:00 +0530 Mon, 11 Apr 2011 17:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69727 Penalty for delay in filing a return under section 271(1)(a) was held unsustainable where the assessee had sought extensions and filed the return shortly after the extended period. The absence of material showing deliberate withholding, conscious disregard of the statutory duty, or contumacious conduct meant that late filing could not by itself justify penalty. A merely prima facie unreasonable explanation was insufficient; the penalty provision required a finding of deliberate defiance of law or dishonest conduct. On these facts, the penalty was cancelled in favour of the assessee. Case-Laws Income Tax Wed, 04 Oct 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69727