https://www.taxtmi.com/caselaws?id=440591 Penalty under provisions for non filing of statutory returns was imposed despite the taxpayer furnishing explanations; the authorities found no mens rea element required by the statutory language and rejected the taxpayer's claim of reasonable cause for a 525 day delay, treating the stated reasons as insufficient, and accordingly sustained penalty liability. The respondents specifically considered the contention under the reasonable cause standard and declined relief; however, the imposed rate was reduced in practice from the maximum daily amount to a lower per day penalty. The decision also records that no remedy to a tribunal lies from orders under the penalty provision. en-us Fri, 14 Jul 2023 00:00:00 +0530 Wed, 11 Feb 2026 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440591 Penalty under provisions for non filing of statutory returns was imposed despite the taxpayer furnishing explanations; the authorities found no mens rea element required by the statutory language and rejected the taxpayer's claim of reasonable cause for a 525 day delay, treating the stated reasons as insufficient, and accordingly sustained penalty liability. The respondents specifically considered the contention under the reasonable cause standard and declined relief; however, the imposed rate was reduced in practice from the maximum daily amount to a lower per day penalty. The decision also records that no remedy to a tribunal lies from orders under the penalty provision. Case-Laws Income Tax Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440591