https://www.taxtmi.com/caselaws?id=103404 The Tribunal dismissed the appeal, upholding the reduced penalty of Rs. 1,000 under section 272A(2)(e) of the Income-tax Act, 1961 for the assessment year 1993-94. The decision was based on the specific circumstances of the case, finding no grounds for the initially imposed penalty despite acknowledging the liability. The Tribunal emphasized the obligation to file returns on time due to registration under section 12A, ultimately concluding that no penalty was warranted in this instance. en-us Thu, 17 Jan 2002 00:00:00 +0530 Wed, 22 Feb 2012 16:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103404 The Tribunal dismissed the appeal, upholding the reduced penalty of Rs. 1,000 under section 272A(2)(e) of the Income-tax Act, 1961 for the assessment year 1993-94. The decision was based on the specific circumstances of the case, finding no grounds for the initially imposed penalty despite acknowledging the liability. The Tribunal emphasized the obligation to file returns on time due to registration under section 12A, ultimately concluding that no penalty was warranted in this instance. Case-Laws Income Tax Thu, 17 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103404