https://www.taxtmi.com/caselaws?id=70942 The Appellate Tribunal ITAT NEW DELHI-D partially allowed the appeals by the assessee against penalties imposed under sections 271(1)(a) and 273(b) of the IT Act. Penalties for belated filing of returns for the Hindu Undivided Family were reduced based on the timeline of awareness. The penalties under section 273(b) for failure to file income estimates and pay advance tax were deemed inapplicable due to the assessee's lack of awareness of the legal position until January 1, 1971. The Tribunal canceled penalties for the year 1970-71 where the return was promptly filed upon realizing the requirement for HUF status. en-us Tue, 21 Mar 1978 00:00:00 +0530 Wed, 20 Apr 2011 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70942 The Appellate Tribunal ITAT NEW DELHI-D partially allowed the appeals by the assessee against penalties imposed under sections 271(1)(a) and 273(b) of the IT Act. Penalties for belated filing of returns for the Hindu Undivided Family were reduced based on the timeline of awareness. The penalties under section 273(b) for failure to file income estimates and pay advance tax were deemed inapplicable due to the assessee's lack of awareness of the legal position until January 1, 1971. The Tribunal canceled penalties for the year 1970-71 where the return was promptly filed upon realizing the requirement for HUF status. Case-Laws Income Tax Tue, 21 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70942