https://www.taxtmi.com/caselaws?id=56743 The Tribunal upheld the cancellation of a penalty under section 271(1)(a) by the Additional Commissioner of Income Tax (AAC) in a case where the assessee faced delays in filing the return due to the sudden departure of their accountant. Despite Departmental objections, the Tribunal found the departure of the accountant to be a reasonable cause for the delay, leading to the dismissal of the appeal and affirming the AAC's decision to cancel the penalty. en-us Mon, 03 Sep 1984 00:00:00 +0530 Mon, 06 Dec 2010 15:39:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56743 The Tribunal upheld the cancellation of a penalty under section 271(1)(a) by the Additional Commissioner of Income Tax (AAC) in a case where the assessee faced delays in filing the return due to the sudden departure of their accountant. Despite Departmental objections, the Tribunal found the departure of the accountant to be a reasonable cause for the delay, leading to the dismissal of the appeal and affirming the AAC's decision to cancel the penalty. Case-Laws Income Tax Mon, 03 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56743