https://www.taxtmi.com/caselaws?id=60221 Penalty for failure to make the compulsory deposit was held unwarranted where the assessee showed reasonable cause for the default. The appellate authority had not considered the objection that the managing shebait had died and the successor shebait, being newly in charge, could not obtain complete control of the deity's affairs and records within a short time. On those facts, the default was treated as attributable to circumstances amounting to reasonable cause, so the penalty was cancelled. en-us Wed, 27 May 1987 00:00:00 +0530 Tue, 04 Jan 2011 13:00:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60221 Penalty for failure to make the compulsory deposit was held unwarranted where the assessee showed reasonable cause for the default. The appellate authority had not considered the objection that the managing shebait had died and the successor shebait, being newly in charge, could not obtain complete control of the deity's affairs and records within a short time. On those facts, the default was treated as attributable to circumstances amounting to reasonable cause, so the penalty was cancelled. Case-Laws Income Tax Wed, 27 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60221