https://www.taxtmi.com/caselaws?id=23785 The court ruled in favor of the petitioner, a firm penalized for late filing of income tax return, under section 271(1)(a) of the Income-tax Act. The Commissioner's rejection of the petitioner's request for condonation of delay under section 271(4A) was overturned. The judge found flaws in the Commissioner's reasoning, emphasizing that the provision applied to all assessees, not just new ones, and that the delay was justified due to circumstances like partners leaving due to war. The court quashed the Commissioner's order, directing reconsideration of the penalty condonation application. Each party was instructed to bear their own costs. en-us Thu, 27 Oct 1988 00:00:00 +0530 Thu, 14 Jan 2010 12:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23785 The court ruled in favor of the petitioner, a firm penalized for late filing of income tax return, under section 271(1)(a) of the Income-tax Act. The Commissioner's rejection of the petitioner's request for condonation of delay under section 271(4A) was overturned. The judge found flaws in the Commissioner's reasoning, emphasizing that the provision applied to all assessees, not just new ones, and that the delay was justified due to circumstances like partners leaving due to war. The court quashed the Commissioner's order, directing reconsideration of the penalty condonation application. Each party was instructed to bear their own costs. Case-Laws Income Tax Thu, 27 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23785