https://www.taxtmi.com/caselaws?id=55961 The Tribunal ruled in favor of the assessee, deleting the penalty imposed under section 271(1)(a) of the IT Act, 1961 for delayed filing of income tax return. The Tribunal found the change of auditors and consequential delay to be a reasonable cause for the late filing, distinguishing the case from precedents cited by the Revenue authorities. The appeal of the assessee was allowed, overturning the penalty. en-us Fri, 25 Jun 1993 00:00:00 +0530 Tue, 30 Nov 2010 18:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55961 The Tribunal ruled in favor of the assessee, deleting the penalty imposed under section 271(1)(a) of the IT Act, 1961 for delayed filing of income tax return. The Tribunal found the change of auditors and consequential delay to be a reasonable cause for the late filing, distinguishing the case from precedents cited by the Revenue authorities. The appeal of the assessee was allowed, overturning the penalty. Case-Laws Income Tax Fri, 25 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55961