https://www.taxtmi.com/caselaws?id=387415 The Tribunal canceled the penalty imposed on the appellant for late filing of income tax returns for assessment years 2013-14 and 2014-15. The decision was based on the appellant's genuine reasons for the delay, including the charitable nature of the organization and the specific exemption under section 10(23C)(iiiad) of the Income-tax Act. The Tribunal found precedent where penalties were deleted for similar reasons, leading to the cancellation of the penalty in this case as well. The specific provisions of the Act and the appellant's justifications supported the decision to allow the appeals and cancel the penalty. en-us Fri, 12 Jul 2019 00:00:00 +0530 Wed, 23 Oct 2019 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387415 The Tribunal canceled the penalty imposed on the appellant for late filing of income tax returns for assessment years 2013-14 and 2014-15. The decision was based on the appellant's genuine reasons for the delay, including the charitable nature of the organization and the specific exemption under section 10(23C)(iiiad) of the Income-tax Act. The Tribunal found precedent where penalties were deleted for similar reasons, leading to the cancellation of the penalty in this case as well. The specific provisions of the Act and the appellant's justifications supported the decision to allow the appeals and cancel the penalty. Case-Laws Income Tax Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387415