https://www.taxtmi.com/caselaws?id=38047 The High Court upheld the penalty imposed under section 271(1)(a) of the Income Tax Act, 1961, on an assessee for filing a late tax return, despite arguments regarding the timeliness of the filing and reasonable cause for the delay. The Court ruled that filing under section 139(4) did not excuse the assessee from penalty if there was no reasonable cause for the delay within the statutory timeframes of sections 139(1) or 139(2). The Court's decision emphasized the importance of timely filing of returns and upheld the Tribunal's decision to impose the penalty. en-us Wed, 23 Jun 1976 00:00:00 +0530 Fri, 02 Apr 2010 17:23:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38047 The High Court upheld the penalty imposed under section 271(1)(a) of the Income Tax Act, 1961, on an assessee for filing a late tax return, despite arguments regarding the timeliness of the filing and reasonable cause for the delay. The Court ruled that filing under section 139(4) did not excuse the assessee from penalty if there was no reasonable cause for the delay within the statutory timeframes of sections 139(1) or 139(2). The Court's decision emphasized the importance of timely filing of returns and upheld the Tribunal's decision to impose the penalty. Case-Laws Income Tax Wed, 23 Jun 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38047