https://www.taxtmi.com/caselaws?id=36863 The High Court upheld the Tribunal's decision to delete the penalty under section 271(1) of the Income-tax Act for delayed filing of returns by the assessee firm. Despite an error in relying on a now-overruled case law, the Court found that the assessee had shown reasonable cause for the delay. The Court emphasized that penalties should not be imposed for technical breaches and that the burden of proof lies on the tax authorities to demonstrate deliberate disregard of legal obligations. The Court did not award costs due to the assessee's absence during the hearing. en-us Thu, 20 Dec 1979 00:00:00 +0530 Thu, 25 Mar 2010 10:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36863 The High Court upheld the Tribunal's decision to delete the penalty under section 271(1) of the Income-tax Act for delayed filing of returns by the assessee firm. Despite an error in relying on a now-overruled case law, the Court found that the assessee had shown reasonable cause for the delay. The Court emphasized that penalties should not be imposed for technical breaches and that the burden of proof lies on the tax authorities to demonstrate deliberate disregard of legal obligations. The Court did not award costs due to the assessee's absence during the hearing. Case-Laws Income Tax Thu, 20 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36863