https://www.taxtmi.com/caselaws?id=177007 The penalties under section 271(1)(c) for the assessed years 1998-99 to 2002-03 were confirmed due to the assessee's failure to file returns in time without a bonafide explanation. However, for the years 2003-04 to 2005-06, where returns were filed within the prescribed time limits, the penalties were cancelled. The appellate authority upheld the penalties for the earlier years but allowed the appeals for the later years, resulting in a mixed outcome for the assessee in this case. en-us Fri, 29 Oct 2010 00:00:00 +0530 Fri, 01 Jan 2016 13:23:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177007 The penalties under section 271(1)(c) for the assessed years 1998-99 to 2002-03 were confirmed due to the assessee's failure to file returns in time without a bonafide explanation. However, for the years 2003-04 to 2005-06, where returns were filed within the prescribed time limits, the penalties were cancelled. The appellate authority upheld the penalties for the earlier years but allowed the appeals for the later years, resulting in a mixed outcome for the assessee in this case. Case-Laws Income Tax Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177007