https://www.taxtmi.com/caselaws?id=71451 The ITAT Pune ruled in favor of the assessee, a registered firm dealing in soaps and detergent products, in an appeal against a penalty imposed under section 271(1)(a) of the Income-tax Act, 1961 for late filing of the return. The Tribunal found that the assessee met the conditions for immunity under the amnesty scheme as per circulars issued by the CBDT, including substantial compliance with requirements. Therefore, the penalty was set aside, and the ITO was directed to refund the penalty amount if already paid by the assessee. en-us Tue, 16 Jun 1992 00:00:00 +0530 Sat, 23 Apr 2011 15:05:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71451 The ITAT Pune ruled in favor of the assessee, a registered firm dealing in soaps and detergent products, in an appeal against a penalty imposed under section 271(1)(a) of the Income-tax Act, 1961 for late filing of the return. The Tribunal found that the assessee met the conditions for immunity under the amnesty scheme as per circulars issued by the CBDT, including substantial compliance with requirements. Therefore, the penalty was set aside, and the ITO was directed to refund the penalty amount if already paid by the assessee. Case-Laws Income Tax Tue, 16 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71451