https://www.taxtmi.com/caselaws?id=28922 The High Court upheld the Tribunal's decision to cancel the penalty under section 271(1)(c) of the Income Tax Act for the assessment year 1966-67. The Court found that there was a reasonable cause for the delay in filing the return until November 14, 1966, as the assessee genuinely believed they had an extended time based on received notices. The Court emphasized that the burden of proof lies with the Department to establish a lack of reasonable cause for the delay. Ultimately, the Court ruled in favor of the assessee, affirming the Tribunal's decision and denying the Revenue's claims. en-us Fri, 28 Aug 1981 00:00:00 +0530 Mon, 08 Mar 2010 16:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28922 The High Court upheld the Tribunal's decision to cancel the penalty under section 271(1)(c) of the Income Tax Act for the assessment year 1966-67. The Court found that there was a reasonable cause for the delay in filing the return until November 14, 1966, as the assessee genuinely believed they had an extended time based on received notices. The Court emphasized that the burden of proof lies with the Department to establish a lack of reasonable cause for the delay. Ultimately, the Court ruled in favor of the assessee, affirming the Tribunal's decision and denying the Revenue's claims. Case-Laws Income Tax Fri, 28 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28922