https://www.taxtmi.com/caselaws?id=39448 The High Court held that penalties were not justified under Section 271(1)(a) for delayed submission of returns, emphasizing the need to prove mens rea and absence of reasonable cause. The Court ruled in favor of the assessee, stating that the penalty was not properly levied as there was no deliberate disregard of statutory obligations. The assessee's explanation for the delay was deemed valid, and the penalty was considered unjustified based on the facts presented. en-us Wed, 24 Dec 1975 00:00:00 +0530 Fri, 29 Jul 2016 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39448 The High Court held that penalties were not justified under Section 271(1)(a) for delayed submission of returns, emphasizing the need to prove mens rea and absence of reasonable cause. The Court ruled in favor of the assessee, stating that the penalty was not properly levied as there was no deliberate disregard of statutory obligations. The assessee's explanation for the delay was deemed valid, and the penalty was considered unjustified based on the facts presented. Case-Laws Income Tax Wed, 24 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39448