https://www.taxtmi.com/caselaws?id=26399 The High Court ruled in favor of the assessee, M/s. Dooars Transport, in a case involving the levy of penalties under section 271(1)(a) for late filing of returns. The Court held that the penalties imposed by the Income-tax Officer were not justified as there was a presumption of extended time for filing returns due to the charging of interest under section 139. The Court also considered the reasonable cause for the delay in filing returns, noting that the waiver of interest by the Commissioner of Income-tax indicated a prima facie case for reasonable cause. The Tribunal's decision was overturned, and the penalties were deemed unjustified. en-us Fri, 13 Jun 1986 00:00:00 +0530 Thu, 04 Feb 2010 17:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26399 The High Court ruled in favor of the assessee, M/s. Dooars Transport, in a case involving the levy of penalties under section 271(1)(a) for late filing of returns. The Court held that the penalties imposed by the Income-tax Officer were not justified as there was a presumption of extended time for filing returns due to the charging of interest under section 139. The Court also considered the reasonable cause for the delay in filing returns, noting that the waiver of interest by the Commissioner of Income-tax indicated a prima facie case for reasonable cause. The Tribunal's decision was overturned, and the penalties were deemed unjustified. Case-Laws Income Tax Fri, 13 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26399