https://www.taxtmi.com/caselaws?id=55867 Penalty for late filing of a return was deleted where the assessee had already paid advance tax in excess of the assessed tax, so the delayed filing only postponed the assessee's own refund. Although the explanation for delay was found insufficient, the Tribunal held that the conduct did not show mens rea or contumacious behaviour sufficient to justify penalty. The appeal was accordingly allowed in favour of the assessee. en-us Sat, 24 Dec 1983 00:00:00 +0530 Tue, 30 Nov 2010 14:36:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55867 Penalty for late filing of a return was deleted where the assessee had already paid advance tax in excess of the assessed tax, so the delayed filing only postponed the assessee's own refund. Although the explanation for delay was found insufficient, the Tribunal held that the conduct did not show mens rea or contumacious behaviour sufficient to justify penalty. The appeal was accordingly allowed in favour of the assessee. Case-Laws Income Tax Sat, 24 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55867