https://www.taxtmi.com/caselaws?id=780156 ITAT allowed the appeal and deleted the Rs.5,000 penalty under s.271F for non-filing of the original return (s.139(1)). The assessee, a long-term non-resident, proved the USD loan was routed and used entirely abroad, supported by a promissory note, and had been substantively examined in another person's assessment; she reasonably believed no taxable income arose in India. Relying on s.273B, the Tribunal held there was reasonable cause for delay and the penalty was unsustainable in law and on facts. en-us Fri, 17 Oct 2025 00:00:00 +0530 Fri, 24 Oct 2025 09:18:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780156 ITAT allowed the appeal and deleted the Rs.5,000 penalty under s.271F for non-filing of the original return (s.139(1)). The assessee, a long-term non-resident, proved the USD loan was routed and used entirely abroad, supported by a promissory note, and had been substantively examined in another person's assessment; she reasonably believed no taxable income arose in India. Relying on s.273B, the Tribunal held there was reasonable cause for delay and the penalty was unsustainable in law and on facts. Case-Laws Income Tax Fri, 17 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780156