https://www.taxtmi.com/caselaws?id=37918 The Appellate Tribunal reduced the penalty imposed under section 271(1)(a) of the Income Tax Act from Rs. 20,393 to Rs. 25 for a non-applicant's delay in filing the income return due to the taxable income falling below the taxable limit. The Tribunal justified the penalty reduction based on the absence of reasonable cause for the delay. The Court upheld the Tribunal's decision, emphasizing that factual determinations regarding penalty imposition are not subject to legal challenge, highlighting the significance of taxable income and reasonable cause in penalty assessments under the Act. en-us Tue, 14 Mar 1978 00:00:00 +0530 Thu, 01 Apr 2010 17:15:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37918 The Appellate Tribunal reduced the penalty imposed under section 271(1)(a) of the Income Tax Act from Rs. 20,393 to Rs. 25 for a non-applicant's delay in filing the income return due to the taxable income falling below the taxable limit. The Tribunal justified the penalty reduction based on the absence of reasonable cause for the delay. The Court upheld the Tribunal's decision, emphasizing that factual determinations regarding penalty imposition are not subject to legal challenge, highlighting the significance of taxable income and reasonable cause in penalty assessments under the Act. Case-Laws Income Tax Tue, 14 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37918