https://www.taxtmi.com/caselaws?id=17790 The High Court upheld the penalty imposed on a public charitable trust for late filing of its return, despite no tax being payable due to exemptions under sections 11 and 12 of the Income-tax Act, 1961. The Court emphasized that the obligation to file the return within the specified time remains, regardless of the ultimate tax liability, and found the cause furnished by the trust for the delay unreasonable. Consequently, the Court ruled in favor of the Revenue and against the trust, affirming the penalty without costs. en-us Thu, 20 Feb 1997 00:00:00 +0530 Thu, 24 Sep 2009 17:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17790 The High Court upheld the penalty imposed on a public charitable trust for late filing of its return, despite no tax being payable due to exemptions under sections 11 and 12 of the Income-tax Act, 1961. The Court emphasized that the obligation to file the return within the specified time remains, regardless of the ultimate tax liability, and found the cause furnished by the trust for the delay unreasonable. Consequently, the Court ruled in favor of the Revenue and against the trust, affirming the penalty without costs. Case-Laws Income Tax Thu, 20 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17790