https://www.taxtmi.com/caselaws?id=56122 The Appellate Tribunal ITAT Ahmedabad-C canceled the penalty imposed under section 271(1)(a) of the Income Tax Act, 1961 on a registered firm for late filing of return. The Tribunal found that the excess advance tax payment and entitlement to a refund indicated no contumacious behavior by the assessee, leading to the conclusion that the penalty was unwarranted. The decision highlighted that penalties should be imposed based on contumacious conduct, considering the circumstances and behavior of the assessee. en-us Mon, 21 May 1990 00:00:00 +0530 Wed, 01 Dec 2010 17:02:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56122 The Appellate Tribunal ITAT Ahmedabad-C canceled the penalty imposed under section 271(1)(a) of the Income Tax Act, 1961 on a registered firm for late filing of return. The Tribunal found that the excess advance tax payment and entitlement to a refund indicated no contumacious behavior by the assessee, leading to the conclusion that the penalty was unwarranted. The decision highlighted that penalties should be imposed based on contumacious conduct, considering the circumstances and behavior of the assessee. Case-Laws Income Tax Mon, 21 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56122