https://www.taxtmi.com/caselaws?id=56708 The Tribunal set aside penalties imposed on a registered firm for delayed filing of returns for assessment years 1976-77 and 1977-78 under s. 271(1)(a) of the IT Act, 1961. The Tribunal emphasized the necessity for the tax authorities to inform the assessee of granted time extensions and consider reasonable causes for delays before imposing penalties. The case was remanded to the ITO for reevaluation, granting the assessee an opportunity to present justifications for the filing delays. en-us Tue, 14 Sep 1982 00:00:00 +0530 Mon, 06 Dec 2010 14:03:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56708 The Tribunal set aside penalties imposed on a registered firm for delayed filing of returns for assessment years 1976-77 and 1977-78 under s. 271(1)(a) of the IT Act, 1961. The Tribunal emphasized the necessity for the tax authorities to inform the assessee of granted time extensions and consider reasonable causes for delays before imposing penalties. The case was remanded to the ITO for reevaluation, granting the assessee an opportunity to present justifications for the filing delays. Case-Laws Income Tax Tue, 14 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56708