https://www.taxtmi.com/caselaws?id=37585 Penalty under section 271(1)(a)(i) was imposed for delay in filing the return, but the Tribunal accepted the assessee's explanation of bona fide belief and absence of guilty intention. In reference proceedings under section 256(2), the issue was whether that conclusion gave rise to a referable question of law on reasonable and sufficient cause for the delay. The Court held that such a question of law did arise and directed the Tribunal to state the case and refer the question. en-us Fri, 06 Apr 1979 00:00:00 +0530 Tue, 30 Mar 2010 16:46:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37585 Penalty under section 271(1)(a)(i) was imposed for delay in filing the return, but the Tribunal accepted the assessee's explanation of bona fide belief and absence of guilty intention. In reference proceedings under section 256(2), the issue was whether that conclusion gave rise to a referable question of law on reasonable and sufficient cause for the delay. The Court held that such a question of law did arise and directed the Tribunal to state the case and refer the question. Case-Laws Income Tax Fri, 06 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37585