https://www.taxtmi.com/caselaws?id=71799 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under s. 271(1)(a) of the IT Act for the delay in filing the return for the assessment year 1966-67. The Tribunal found that the delay was not intentional but arose from legal formalities following a previous decision by the AAC. The circumstances, such as the dissolution of the firm and confusion over assessability, were deemed reasonable causes for the delay. Consequently, the Tribunal dismissed the Department's appeal, affirming the deletion of the penalty. en-us Fri, 27 Jul 1990 00:00:00 +0530 Wed, 27 Apr 2011 11:35:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71799 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under s. 271(1)(a) of the IT Act for the delay in filing the return for the assessment year 1966-67. The Tribunal found that the delay was not intentional but arose from legal formalities following a previous decision by the AAC. The circumstances, such as the dissolution of the firm and confusion over assessability, were deemed reasonable causes for the delay. Consequently, the Tribunal dismissed the Department's appeal, affirming the deletion of the penalty. Case-Laws Income Tax Fri, 27 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71799