https://www.taxtmi.com/caselaws?id=15200 The court upheld the penalty under section 271(1)(a) of the Income Tax Act for the assessment years 1981-82 and 1983-84, emphasizing the lack of reasonable cause for the delay in filing the income tax return. Despite citing illness and the death of the managing partner as reasons for the delay, the court found negligence and carelessness in meeting statutory duties, ultimately ruling in favor of the Revenue due to insufficient justification for the delays. The Tribunal's decision was supported, highlighting the importance of timely compliance with tax obligations. en-us Wed, 29 Sep 1999 00:00:00 +0530 Mon, 03 Aug 2009 16:34:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15200 The court upheld the penalty under section 271(1)(a) of the Income Tax Act for the assessment years 1981-82 and 1983-84, emphasizing the lack of reasonable cause for the delay in filing the income tax return. Despite citing illness and the death of the managing partner as reasons for the delay, the court found negligence and carelessness in meeting statutory duties, ultimately ruling in favor of the Revenue due to insufficient justification for the delays. The Tribunal's decision was supported, highlighting the importance of timely compliance with tax obligations. Case-Laws Income Tax Wed, 29 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15200