https://www.taxtmi.com/caselaws?id=59859 The Commissioner (Appeals) upheld the cancellation of the penalty imposed under section 271(1)(a) of the Income-tax Act, 1961, amounting to Rs. 83,500. The appeal against the penalty imposition was dismissed due to errors in the calculation of the delay in filing the return of income and the Income Tax Officer's improper jurisdiction in initiating penalty proceedings based on reassessment rather than the original assessment order. The ITO's failure to consider the correct period of delay and the limitations on filing returns post-assessment under section 144 were key factors in the decision. en-us Thu, 14 Aug 1986 00:00:00 +0530 Sat, 01 Jan 2011 15:25:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59859 The Commissioner (Appeals) upheld the cancellation of the penalty imposed under section 271(1)(a) of the Income-tax Act, 1961, amounting to Rs. 83,500. The appeal against the penalty imposition was dismissed due to errors in the calculation of the delay in filing the return of income and the Income Tax Officer's improper jurisdiction in initiating penalty proceedings based on reassessment rather than the original assessment order. The ITO's failure to consider the correct period of delay and the limitations on filing returns post-assessment under section 144 were key factors in the decision. Case-Laws Income Tax Thu, 14 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59859