https://www.taxtmi.com/caselaws?id=211834 The ITAT allowed the appeal, ruling in favor of the appellant, a Public Charitable trust, in a case concerning a penalty under section 272A(2)(e) for late filing of income tax return. The ITAT found that the delay was due to a genuine belief and lack of familiarity with procedures, with no dishonest or negligent behavior. Given the charitable nature of the trust's activities and the absence of tax liability for the relevant year, the ITAT held that there was a reasonable cause for the delay and set aside the penalty. en-us Fri, 27 Jan 2012 00:00:00 +0530 Fri, 18 May 2012 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211834 The ITAT allowed the appeal, ruling in favor of the appellant, a Public Charitable trust, in a case concerning a penalty under section 272A(2)(e) for late filing of income tax return. The ITAT found that the delay was due to a genuine belief and lack of familiarity with procedures, with no dishonest or negligent behavior. Given the charitable nature of the trust's activities and the absence of tax liability for the relevant year, the ITAT held that there was a reasonable cause for the delay and set aside the penalty. Case-Laws Income Tax Fri, 27 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211834