https://www.taxtmi.com/caselaws?id=284876 The Tribunal allowed the appeal against the penalty imposed under Section 271F of the Income Tax Act for the delay in filing the return of income for Assessment Year 2012-13. The Tribunal considered the appellant's financial difficulties as a reasonable cause for the delay, admitted additional evidence supporting the reasons for delay, and remanded the case to the Assessing Officer for reconsideration based on the new evidence. The appellant was granted an opportunity to present their case, emphasizing the importance of considering reasonable causes for delays in filing returns. en-us Wed, 25 Oct 2017 00:00:00 +0530 Sun, 15 Dec 2019 10:05:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284876 The Tribunal allowed the appeal against the penalty imposed under Section 271F of the Income Tax Act for the delay in filing the return of income for Assessment Year 2012-13. The Tribunal considered the appellant's financial difficulties as a reasonable cause for the delay, admitted additional evidence supporting the reasons for delay, and remanded the case to the Assessing Officer for reconsideration based on the new evidence. The appellant was granted an opportunity to present their case, emphasizing the importance of considering reasonable causes for delays in filing returns. Case-Laws Income Tax Wed, 25 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284876