https://www.taxtmi.com/caselaws?id=373625 The Tribunal upheld the penalty imposed under section 272A(2)(e) of the Income Tax Act for delayed filing of income tax return, stating that each assessment year is treated separately. The delay in the previous year did not justify the delay in the subsequent year. The penalty was rightly confirmed, and the appeal was dismissed. Additionally, the Tribunal found that penalty proceedings were initiated within the specified time limit under section 275 of the Act, rejecting the assessee's claim of limitation. The appeal was dismissed, upholding the order passed by the ld. CIT(A). en-us Tue, 27 Nov 2018 00:00:00 +0530 Thu, 17 Jan 2019 08:12:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373625 The Tribunal upheld the penalty imposed under section 272A(2)(e) of the Income Tax Act for delayed filing of income tax return, stating that each assessment year is treated separately. The delay in the previous year did not justify the delay in the subsequent year. The penalty was rightly confirmed, and the appeal was dismissed. Additionally, the Tribunal found that penalty proceedings were initiated within the specified time limit under section 275 of the Act, rejecting the assessee's claim of limitation. The appeal was dismissed, upholding the order passed by the ld. CIT(A). Case-Laws Income Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373625