https://www.taxtmi.com/caselaws?id=17177 The courts upheld the deletion of penalties imposed on a registered firm for late submission of returns, emphasizing that the firm had reasonable cause for the delay and had paid more advance tax than the assessed tax. The judgment concluded that there was no referable question of law arising from the Tribunal's decision, dismissing the reference applications without costs. The legal fiction of treating the registered firm as unregistered for penalty purposes under the Income-tax Act was addressed, with the courts affirming the decision based on the firm's conduct and the findings of the appellate authorities. en-us Thu, 18 Apr 1996 00:00:00 +0530 Tue, 15 Sep 2009 16:09:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17177 The courts upheld the deletion of penalties imposed on a registered firm for late submission of returns, emphasizing that the firm had reasonable cause for the delay and had paid more advance tax than the assessed tax. The judgment concluded that there was no referable question of law arising from the Tribunal's decision, dismissing the reference applications without costs. The legal fiction of treating the registered firm as unregistered for penalty purposes under the Income-tax Act was addressed, with the courts affirming the decision based on the firm's conduct and the findings of the appellate authorities. Case-Laws Income Tax Thu, 18 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17177