https://www.taxtmi.com/caselaws?id=56727 The Appellate Tribunal allowed the assessee's appeal, setting aside the penalty imposed under section 271(1)(a) for delayed filing of the return. The Tribunal found that the extension application filed before the due date, supported by evidence, citing partner's illness as a valid reason for delay, was not adequately considered by the Income Tax Officer. The Tribunal emphasized the need for thorough investigation into reasons for delays before imposing penalties, remanding the matter for a fresh decision to assess if there was a reasonable cause for the delay. en-us Mon, 21 Nov 1983 00:00:00 +0530 Mon, 06 Dec 2010 15:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56727 The Appellate Tribunal allowed the assessee's appeal, setting aside the penalty imposed under section 271(1)(a) for delayed filing of the return. The Tribunal found that the extension application filed before the due date, supported by evidence, citing partner's illness as a valid reason for delay, was not adequately considered by the Income Tax Officer. The Tribunal emphasized the need for thorough investigation into reasons for delays before imposing penalties, remanding the matter for a fresh decision to assess if there was a reasonable cause for the delay. Case-Laws Income Tax Mon, 21 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56727