https://www.taxtmi.com/caselaws?id=60405 The Tribunal upheld the AAC's decision to delete penalties for the assessment year 1969-70 due to a granted extension for filing the return. For the year 1970-71, where an extension was also granted, the appeal was dismissed as the return was filed before the extended deadline. However, discrepancies in pleas for earlier years led the Tribunal to direct the AAC to reassess penalties, emphasizing penalties should be determined based on the time lag between due and actual filing dates without monthly increments, in accordance with legal principles and case law. The Tribunal dismissed some appeals and allowed others for statistical purposes. en-us Sat, 31 Mar 1984 00:00:00 +0530 Wed, 05 Jan 2011 11:45:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60405 The Tribunal upheld the AAC's decision to delete penalties for the assessment year 1969-70 due to a granted extension for filing the return. For the year 1970-71, where an extension was also granted, the appeal was dismissed as the return was filed before the extended deadline. However, discrepancies in pleas for earlier years led the Tribunal to direct the AAC to reassess penalties, emphasizing penalties should be determined based on the time lag between due and actual filing dates without monthly increments, in accordance with legal principles and case law. The Tribunal dismissed some appeals and allowed others for statistical purposes. Case-Laws Wealth-tax Sat, 31 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60405