https://www.taxtmi.com/caselaws?id=383238 The Tribunal allowed the appeals regarding penalties imposed for undisclosed income, despite significant delays in filing, citing the assessee's bonafide actions, reliance on legal advice, and health issues of the representative as reasonable causes. Emphasizing the need to interpret "sufficient cause" liberally, the Tribunal remitted the matter to the CIT(Appeals) for reconsideration on merit, recognizing the absence of deliberate delay or negligence by the assessee. The decision underscored the importance of considering all circumstances to ensure justice and granted relief to the assessee. en-us Wed, 17 Jul 2019 00:00:00 +0530 Thu, 18 Jul 2019 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383238 The Tribunal allowed the appeals regarding penalties imposed for undisclosed income, despite significant delays in filing, citing the assessee's bonafide actions, reliance on legal advice, and health issues of the representative as reasonable causes. Emphasizing the need to interpret "sufficient cause" liberally, the Tribunal remitted the matter to the CIT(Appeals) for reconsideration on merit, recognizing the absence of deliberate delay or negligence by the assessee. The decision underscored the importance of considering all circumstances to ensure justice and granted relief to the assessee. Case-Laws Income Tax Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383238