https://www.taxtmi.com/caselaws?id=58159 The Tribunal dismissed the Revenue's appeals and upheld the CIT (A)'s decision to cancel penalties imposed on an individual for late filing of returns and non-filing of advance tax estimates for multiple assessment years. The Tribunal emphasized the exceptional circumstances faced by the assessee, including raids, family deaths, and serious injury, as reasons for the delays. Considering the quasi-criminal nature of penalty proceedings and the lack of deliberate non-compliance, the Tribunal found no justification for the penalties and agreed with the cancellation based on extraordinary circumstances. en-us Wed, 31 Oct 1984 00:00:00 +0530 Fri, 17 Dec 2010 16:27:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58159 The Tribunal dismissed the Revenue's appeals and upheld the CIT (A)'s decision to cancel penalties imposed on an individual for late filing of returns and non-filing of advance tax estimates for multiple assessment years. The Tribunal emphasized the exceptional circumstances faced by the assessee, including raids, family deaths, and serious injury, as reasons for the delays. Considering the quasi-criminal nature of penalty proceedings and the lack of deliberate non-compliance, the Tribunal found no justification for the penalties and agreed with the cancellation based on extraordinary circumstances. Case-Laws Income Tax Wed, 31 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58159