https://www.taxtmi.com/caselaws?id=20345 Penalty for delayed filing of a return under section 271(1)(a) was held sustainable where the assessee failed to produce supporting material for the stated cause of delay. The explanation that the munim had fallen ill and accounts could not be finalised was rejected by the tax authorities and the Tribunal, which found no reasonable cause on the record. The Tribunal also noted that the same explanation had earlier been disbelieved for another assessment year. The matter was treated as one of appreciation of evidence rather than a substantial question of law, and the penalty was upheld against the assessee. en-us Wed, 07 Jul 1993 00:00:00 +0530 Fri, 13 Nov 2009 13:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20345 Penalty for delayed filing of a return under section 271(1)(a) was held sustainable where the assessee failed to produce supporting material for the stated cause of delay. The explanation that the munim had fallen ill and accounts could not be finalised was rejected by the tax authorities and the Tribunal, which found no reasonable cause on the record. The Tribunal also noted that the same explanation had earlier been disbelieved for another assessment year. The matter was treated as one of appreciation of evidence rather than a substantial question of law, and the penalty was upheld against the assessee. Case-Laws Income Tax Wed, 07 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20345