https://www.taxtmi.com/caselaws?id=5887 The SC upheld the lower courts' rulings, favoring the assessee on both issues. It affirmed that interest charges for delayed income tax return filings were justified due to the ITO's extension of deadlines. Additionally, the SC supported the Appellate Tribunal's cancellation of penalties under section 271(1)(a), as the extended filing time was considered part of the allowed period. The appeals were dismissed with costs. en-us Tue, 04 Dec 1984 00:00:00 +0530 Wed, 18 Dec 2024 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5887 The SC upheld the lower courts' rulings, favoring the assessee on both issues. It affirmed that interest charges for delayed income tax return filings were justified due to the ITO's extension of deadlines. Additionally, the SC supported the Appellate Tribunal's cancellation of penalties under section 271(1)(a), as the extended filing time was considered part of the allowed period. The appeals were dismissed with costs. Case-Laws Income Tax Tue, 04 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5887