https://www.taxtmi.com/caselaws?id=20633 The court upheld the Appellate Tribunal's decision to strike down penalty orders for late filing of returns under section 271(1)(a) of the Income-tax Act, 1961. Despite flaws in the legal basis, the judgment favored the assessee, emphasizing the presumption of extended filing period. The court found the penalties illegal due to the absence of a finding on reasonable cause for late filing and presumed an extension of time based on interest charged by the Income-tax Officer. The decision was in favor of the assessee, answering the reference question affirmatively and directing separate references for the appeals without costs awarded. en-us Wed, 11 Nov 1992 00:00:00 +0530 Mon, 16 Nov 2009 12:17:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20633 The court upheld the Appellate Tribunal's decision to strike down penalty orders for late filing of returns under section 271(1)(a) of the Income-tax Act, 1961. Despite flaws in the legal basis, the judgment favored the assessee, emphasizing the presumption of extended filing period. The court found the penalties illegal due to the absence of a finding on reasonable cause for late filing and presumed an extension of time based on interest charged by the Income-tax Officer. The decision was in favor of the assessee, answering the reference question affirmatively and directing separate references for the appeals without costs awarded. Case-Laws Income Tax Wed, 11 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20633