https://www.taxtmi.com/caselaws?id=71729 The Tribunal upheld the Appellate Assistant Commissioner's decision, finding the reasons for delay in filing returns partially justified due to mental strain from a raid by the Sales Tax Department. The appeals related to penalties for late filing of returns for the assessment years 1973-74 and 1974-75 were dismissed. Additionally, the Tribunal canceled the penalties imposed under section 271(1)(c) as the Income Tax Officer failed to obtain prior approval from the Income-tax Appellate Commissioner for substantial income additions, emphasizing the importance of establishing reasonable cause for delays and complying with statutory provisions in penalty imposition. en-us Thu, 12 Feb 1981 00:00:00 +0530 Tue, 26 Apr 2011 17:39:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71729 The Tribunal upheld the Appellate Assistant Commissioner's decision, finding the reasons for delay in filing returns partially justified due to mental strain from a raid by the Sales Tax Department. The appeals related to penalties for late filing of returns for the assessment years 1973-74 and 1974-75 were dismissed. Additionally, the Tribunal canceled the penalties imposed under section 271(1)(c) as the Income Tax Officer failed to obtain prior approval from the Income-tax Appellate Commissioner for substantial income additions, emphasizing the importance of establishing reasonable cause for delays and complying with statutory provisions in penalty imposition. Case-Laws Income Tax Thu, 12 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71729