https://www.taxtmi.com/caselaws?id=29352 Penalty for delayed return filing under section 271(1)(a) requires the Revenue to first establish prima facie that the assessee failed to furnish the return without reasonable cause. The evidentiary burden shifts to the assessee to establish reasonable cause only after the Revenue proves that foundational element. Income returned below the applicable statutory limit, followed by an assessment addition based on the Income-tax Officer's closing-stock valuation, does not by itself establish absence of reasonable cause. The penalty was therefore not justified because the Revenue had not discharged its initial burden of proof. en-us Wed, 11 Feb 1981 00:00:00 +0530 Fri, 12 Mar 2010 13:19:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29352 Penalty for delayed return filing under section 271(1)(a) requires the Revenue to first establish prima facie that the assessee failed to furnish the return without reasonable cause. The evidentiary burden shifts to the assessee to establish reasonable cause only after the Revenue proves that foundational element. Income returned below the applicable statutory limit, followed by an assessment addition based on the Income-tax Officer's closing-stock valuation, does not by itself establish absence of reasonable cause. The penalty was therefore not justified because the Revenue had not discharged its initial burden of proof. Case-Laws Income Tax Wed, 11 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29352