https://www.taxtmi.com/caselaws?id=11156 The High Court upheld the Tribunal's decision to cancel penalties imposed under section 271(1)(a) of the Income-tax Act, 1961. The court emphasized the discretionary power of taxing authorities to determine reasonable cause for delayed filing of returns, rejecting the relevance of criminal court findings in tax appeals. The Tribunal's thorough examination of facts and circumstances surrounding the delay led to the cancellation of penalties, with the court finding no substantial error of law and dismissing the appeal. en-us Mon, 21 Apr 2003 00:00:00 +0530 Sat, 01 Aug 2009 08:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11156 The High Court upheld the Tribunal's decision to cancel penalties imposed under section 271(1)(a) of the Income-tax Act, 1961. The court emphasized the discretionary power of taxing authorities to determine reasonable cause for delayed filing of returns, rejecting the relevance of criminal court findings in tax appeals. The Tribunal's thorough examination of facts and circumstances surrounding the delay led to the cancellation of penalties, with the court finding no substantial error of law and dismissing the appeal. Case-Laws Income Tax Mon, 21 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11156