https://www.taxtmi.com/caselaws?id=778000 ITAT Delhi-AT set aside penalty under s.271F for failure to file return, holding the assessee's bona fide belief that income was below taxable limit constituted a reasonable cause. The Tribunal applied the principle that when the assessee shows reasonable cause, burden shifts to the Department to prove otherwise, and where two reasonable constructions exist a penal provision should be interpreted to avoid penalty. Finding no deliberate defiance of law, the penalty was held unsustainable and deleted; the appeal was allowed. en-us Thu, 09 Jan 2025 00:00:00 +0530 Tue, 09 Sep 2025 08:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778000 ITAT Delhi-AT set aside penalty under s.271F for failure to file return, holding the assessee's bona fide belief that income was below taxable limit constituted a reasonable cause. The Tribunal applied the principle that when the assessee shows reasonable cause, burden shifts to the Department to prove otherwise, and where two reasonable constructions exist a penal provision should be interpreted to avoid penalty. Finding no deliberate defiance of law, the penalty was held unsustainable and deleted; the appeal was allowed. Case-Laws Income Tax Thu, 09 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778000