https://www.taxtmi.com/caselaws?id=61242 The Appellate Tribunal allowed the assessee's appeal, canceling the penalty for late filing of the return under section 271(1)(a) of the IT Act, 1961 for the assessment year 1976-77. The Tribunal found that the serious illnesses suffered by the partners, including the partner in charge of accounts, constituted a valid and sufficient cause for the delay. Emphasizing the need for consistency in revenue decisions, the Tribunal noted that a similar cause for delay in a subsequent assessment year had been accepted, leading to the dropping of penalty proceedings. Consequently, the penalty imposed for the assessment year 1976-77 was deemed unjustified and canceled. en-us Thu, 30 Sep 1982 00:00:00 +0530 Tue, 11 Jan 2011 14:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61242 The Appellate Tribunal allowed the assessee's appeal, canceling the penalty for late filing of the return under section 271(1)(a) of the IT Act, 1961 for the assessment year 1976-77. The Tribunal found that the serious illnesses suffered by the partners, including the partner in charge of accounts, constituted a valid and sufficient cause for the delay. Emphasizing the need for consistency in revenue decisions, the Tribunal noted that a similar cause for delay in a subsequent assessment year had been accepted, leading to the dropping of penalty proceedings. Consequently, the penalty imposed for the assessment year 1976-77 was deemed unjustified and canceled. Case-Laws Income Tax Thu, 30 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61242