https://www.taxtmi.com/caselaws?id=38341 The Bombay High Court upheld the penalty imposed on a partnership firm under section 271(1)(a) of the Income-tax Act for failing to file its return within the prescribed period. Despite the assessee's claims of delays and illness, the lack of evidence supporting the extension application led to the confirmation of the penalty. The Court emphasized the burden of proof on the department and concluded that the penalty imposition was justified due to the absence of concrete evidence for the delay. Consequently, the Court ruled in favor of the revenue, directing the assessee to bear the costs and highlighting the importance of complying with statutory filing requirements to avoid penalties. en-us Wed, 05 Oct 1977 00:00:00 +0530 Mon, 05 Apr 2010 16:44:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38341 The Bombay High Court upheld the penalty imposed on a partnership firm under section 271(1)(a) of the Income-tax Act for failing to file its return within the prescribed period. Despite the assessee's claims of delays and illness, the lack of evidence supporting the extension application led to the confirmation of the penalty. The Court emphasized the burden of proof on the department and concluded that the penalty imposition was justified due to the absence of concrete evidence for the delay. Consequently, the Court ruled in favor of the revenue, directing the assessee to bear the costs and highlighting the importance of complying with statutory filing requirements to avoid penalties. Case-Laws Income Tax Wed, 05 Oct 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38341