https://www.taxtmi.com/caselaws?id=76322 The Tribunal upheld the deletion of penalties for non-payment of self-assessment tax, finding reasonable cause due to funds being under attachment and later recovered by the Department. The Tribunal emphasized the importance of the financial position at the time of filing the return and dismissed the Revenue's argument that the attachment of the bank account was not a reasonable cause. The Tribunal also rejected the claim that the assessee's objection to the Revenue's actions showed a lack of intention to pay tax, stating that no substantial question of law was found to support the Revenue's appeals. en-us Thu, 04 Feb 2010 00:00:00 +0530 Sat, 19 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76322 The Tribunal upheld the deletion of penalties for non-payment of self-assessment tax, finding reasonable cause due to funds being under attachment and later recovered by the Department. The Tribunal emphasized the importance of the financial position at the time of filing the return and dismissed the Revenue's argument that the attachment of the bank account was not a reasonable cause. The Tribunal also rejected the claim that the assessee's objection to the Revenue's actions showed a lack of intention to pay tax, stating that no substantial question of law was found to support the Revenue's appeals. Case-Laws Income Tax Thu, 04 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76322