https://www.taxtmi.com/caselaws?id=415770 The tribunal allowed the appeals, setting aside the orders of the lower authorities and deleting the penalty imposed under section 272A(2)(e) for various assessment years. The tribunal found a reasonable cause for the delay in filing the returns, accepting the assessee's explanations and citing judicial precedents supporting the assessee's position. The tribunal emphasized that the assessee's belief was bona fide and that penalties should not be imposed for technical breaches. en-us Fri, 12 Nov 2021 00:00:00 +0530 Tue, 14 Dec 2021 08:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415770 The tribunal allowed the appeals, setting aside the orders of the lower authorities and deleting the penalty imposed under section 272A(2)(e) for various assessment years. The tribunal found a reasonable cause for the delay in filing the returns, accepting the assessee's explanations and citing judicial precedents supporting the assessee's position. The tribunal emphasized that the assessee's belief was bona fide and that penalties should not be imposed for technical breaches. Case-Laws Income Tax Fri, 12 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415770