https://www.taxtmi.com/caselaws?id=55101 The Tribunal upheld the Appellate Authority Commissioner's decision to reduce penalties imposed on the assessee for delayed filing of returns under section 271(1)(a) to a uniform amount of Rs. 500 per year for the assessment years 1967-68, 1968-69, 1975-76, and 1976-77. Despite the department's appeals against the penalty reduction, the Tribunal found the AAC's decision reasonable, emphasizing the need for authorities to proactively address repeated delays in filing returns to prevent the accumulation of penalties. en-us Mon, 21 Sep 1981 00:00:00 +0530 Wed, 24 Nov 2010 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55101 The Tribunal upheld the Appellate Authority Commissioner's decision to reduce penalties imposed on the assessee for delayed filing of returns under section 271(1)(a) to a uniform amount of Rs. 500 per year for the assessment years 1967-68, 1968-69, 1975-76, and 1976-77. Despite the department's appeals against the penalty reduction, the Tribunal found the AAC's decision reasonable, emphasizing the need for authorities to proactively address repeated delays in filing returns to prevent the accumulation of penalties. Case-Laws Income Tax Mon, 21 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55101