https://www.taxtmi.com/caselaws?id=28263 The High Court upheld the levy of penalty under section 271(1)(a) of the Income-tax Act, finding that the assessee's explanation for the delay in filing the return was unsupported by evidence and did not constitute a reasonable cause. The Court emphasized the quasi-criminal nature of penalty proceedings and the requirement for the Department to establish the absence of reasonable cause for the delay. The decision not to file the return within the stipulated time without reasonable cause indicated a culpable state of mind, justifying the penalty under section 271(1)(a). The Court ruled in favor of the Department and against the assessee. en-us Wed, 05 Jan 1983 00:00:00 +0530 Sat, 20 Feb 2010 10:51:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28263 The High Court upheld the levy of penalty under section 271(1)(a) of the Income-tax Act, finding that the assessee's explanation for the delay in filing the return was unsupported by evidence and did not constitute a reasonable cause. The Court emphasized the quasi-criminal nature of penalty proceedings and the requirement for the Department to establish the absence of reasonable cause for the delay. The decision not to file the return within the stipulated time without reasonable cause indicated a culpable state of mind, justifying the penalty under section 271(1)(a). The Court ruled in favor of the Department and against the assessee. Case-Laws Income Tax Wed, 05 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28263