https://www.taxtmi.com/caselaws?id=15476 The High Court upheld the penalty imposed under section 271(1)(a) of the Income-tax Act, 1961 on a partnership firm for delay in filing the return. The Court found that the assessee failed to provide a reasonable cause for the delay, as required by law. Despite the minimal difference between tax assessed and tax payable, the Court affirmed the Tribunal's decision, emphasizing the absence of justification for the delay. Consequently, the Court ruled in favor of the Revenue, dismissing the assessee's appeal and confirming the penalty imposition. en-us Thu, 05 Nov 1998 00:00:00 +0530 Thu, 06 Aug 2009 17:51:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15476 The High Court upheld the penalty imposed under section 271(1)(a) of the Income-tax Act, 1961 on a partnership firm for delay in filing the return. The Court found that the assessee failed to provide a reasonable cause for the delay, as required by law. Despite the minimal difference between tax assessed and tax payable, the Court affirmed the Tribunal's decision, emphasizing the absence of justification for the delay. Consequently, the Court ruled in favor of the Revenue, dismissing the assessee's appeal and confirming the penalty imposition. Case-Laws Income Tax Thu, 05 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15476