https://www.taxtmi.com/caselaws?id=69816 The appeal was partly allowed, and the penalty imposed under section 271(1)(A) for failure to submit the return of income within the allowed time for the assessment year 1970-71 was reduced. The Tribunal found it fair to sustain the penalty for only one completed month between the date allowed to file the return and the date of assessment, thereby reducing the penalty amount. The Appellate Authority Commissioner (AAC) upheld the penalty initially citing lack of evidence regarding the filing of the return despite notices issued, but the Tribunal noted discrepancies in the records and orders of the departmental authorities, leading to the reduction of the penalty. en-us Sat, 17 Jul 1982 00:00:00 +0530 Tue, 12 Apr 2011 12:15:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69816 The appeal was partly allowed, and the penalty imposed under section 271(1)(A) for failure to submit the return of income within the allowed time for the assessment year 1970-71 was reduced. The Tribunal found it fair to sustain the penalty for only one completed month between the date allowed to file the return and the date of assessment, thereby reducing the penalty amount. The Appellate Authority Commissioner (AAC) upheld the penalty initially citing lack of evidence regarding the filing of the return despite notices issued, but the Tribunal noted discrepancies in the records and orders of the departmental authorities, leading to the reduction of the penalty. Case-Laws Income Tax Sat, 17 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69816