https://www.taxtmi.com/caselaws?id=27121 The High Court held that there was a reasonable cause for the delay in filing the return, up to September 1964. The Court agreed with the Tribunal's decision that no penalty was imposable as no tax was payable on the date of penalty imposition. The Court answered the first question in the negative, favoring the Revenue, and the second question in the affirmative, favoring the assessee. en-us Mon, 13 May 1985 00:00:00 +0530 Wed, 10 Feb 2010 18:00:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27121 The High Court held that there was a reasonable cause for the delay in filing the return, up to September 1964. The Court agreed with the Tribunal's decision that no penalty was imposable as no tax was payable on the date of penalty imposition. The Court answered the first question in the negative, favoring the Revenue, and the second question in the affirmative, favoring the assessee. Case-Laws Income Tax Mon, 13 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27121