https://www.taxtmi.com/caselaws?id=12014 The Court upheld the levy of the penalty for late submission of the income tax return, ruling that the property dispute, cited as a reasonable cause for the delay, was resolved by March 1982. The Court found that the assessee lacked a reasonable cause for the delay beyond March 16, 1982, when the property matter was settled, and upheld the penalty from March 17, 1982. The decision favored the Revenue, and no costs were awarded in the case. en-us Tue, 26 Nov 2002 00:00:00 +0530 Sun, 14 Feb 2010 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12014 The Court upheld the levy of the penalty for late submission of the income tax return, ruling that the property dispute, cited as a reasonable cause for the delay, was resolved by March 1982. The Court found that the assessee lacked a reasonable cause for the delay beyond March 16, 1982, when the property matter was settled, and upheld the penalty from March 17, 1982. The decision favored the Revenue, and no costs were awarded in the case. Case-Laws Income Tax Tue, 26 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12014