https://www.taxtmi.com/caselaws?id=252115 The High Court upheld the Tribunal's decision to cancel penalties under sections 271(1)(a) and 271(1)(c) of the Income-tax Act. The Court found that the delay in filing returns was adequately explained due to complexities in the firm's assessment process, changes in constitution, and dissolution. The Court concluded that there was no justification for imposing penalties and dismissed the appeals without awarding costs. en-us Thu, 20 Jun 2013 00:00:00 +0530 Thu, 19 Feb 2015 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252115 The High Court upheld the Tribunal's decision to cancel penalties under sections 271(1)(a) and 271(1)(c) of the Income-tax Act. The Court found that the delay in filing returns was adequately explained due to complexities in the firm's assessment process, changes in constitution, and dissolution. The Court concluded that there was no justification for imposing penalties and dismissed the appeals without awarding costs. Case-Laws Income Tax Thu, 20 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252115