https://www.taxtmi.com/caselaws?id=12613 The High Court remitted a case involving a penalty under section 271(1)(a) of the Income-tax Act back to the Tribunal for a fresh decision. The Tribunal had canceled the penalty, citing the delay in auditing the firm's accounts as sufficient cause for the late filing of the income-tax return. However, the High Court found that the Tribunal had not adequately considered the facts and burden of proof on the assessee to justify the delay. The Court emphasized that if the delay in auditing was the assessee's fault, it would not excuse the late filing. Therefore, the matter was sent back to the Tribunal for further examination. en-us Fri, 07 Dec 2001 00:00:00 +0530 Wed, 20 May 2009 15:57:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12613 The High Court remitted a case involving a penalty under section 271(1)(a) of the Income-tax Act back to the Tribunal for a fresh decision. The Tribunal had canceled the penalty, citing the delay in auditing the firm's accounts as sufficient cause for the late filing of the income-tax return. However, the High Court found that the Tribunal had not adequately considered the facts and burden of proof on the assessee to justify the delay. The Court emphasized that if the delay in auditing was the assessee's fault, it would not excuse the late filing. Therefore, the matter was sent back to the Tribunal for further examination. Case-Laws Income Tax Fri, 07 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12613