https://www.taxtmi.com/caselaws?id=467676 Penalty for failure to furnish a return under section 272A(2)(e) of the Income-tax Act was deleted because the assessment order itself had determined the assessee's income at nil. On that factual basis, the omission to file the return was treated as supported by reasonable cause, so the penalty was not leviable. The appeal was therefore allowed in favour of the assessee. en-us Mon, 17 Feb 2025 00:00:00 +0530 Sat, 28 Mar 2026 18:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467676 Penalty for failure to furnish a return under section 272A(2)(e) of the Income-tax Act was deleted because the assessment order itself had determined the assessee's income at nil. On that factual basis, the omission to file the return was treated as supported by reasonable cause, so the penalty was not leviable. The appeal was therefore allowed in favour of the assessee. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467676