https://www.taxtmi.com/caselaws?id=250696 The court upheld the penalty imposed under section 271(1)(a) of the Income Tax Act for late filing of the return for assessment year 1984-85 by a government contractor partnership firm. Despite the appellant's arguments about confusion and dilemmas regarding income treatment, the court found the delay unjustified, emphasizing the firm's obligation to maintain diligent accounts. The court dismissed claims of potential refunds and lack of mens rea, affirming the penalty and rejecting comparisons to other cases where penalties were reduced. The appeal was dismissed, and the penalty upheld without costs. en-us Tue, 12 Aug 2014 00:00:00 +0530 Fri, 22 Aug 2014 08:49:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250696 The court upheld the penalty imposed under section 271(1)(a) of the Income Tax Act for late filing of the return for assessment year 1984-85 by a government contractor partnership firm. Despite the appellant's arguments about confusion and dilemmas regarding income treatment, the court found the delay unjustified, emphasizing the firm's obligation to maintain diligent accounts. The court dismissed claims of potential refunds and lack of mens rea, affirming the penalty and rejecting comparisons to other cases where penalties were reduced. The appeal was dismissed, and the penalty upheld without costs. Case-Laws Income Tax Tue, 12 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250696