https://www.taxtmi.com/caselaws?id=470789 Penalty for delayed filing of the return was not sustainable where the return was filed within the prescribed period and the minor stated delay resulted from unavoidable circumstances. The explanation established reasonable cause, and the record did not justify its rejection. The penalty was therefore deleted in favour of the assessee. en-us Wed, 26 Mar 2025 00:00:00 +0530 Sun, 09 Aug 2026 23:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470789 Penalty for delayed filing of the return was not sustainable where the return was filed within the prescribed period and the minor stated delay resulted from unavoidable circumstances. The explanation established reasonable cause, and the record did not justify its rejection. The penalty was therefore deleted in favour of the assessee. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470789