https://www.taxtmi.com/caselaws?id=61433 The tribunal upheld the penalty imposed under section 140A for delayed tax payment by a Hindu Undivided Family (HUF) for the assessment year 1983-84. The appellant's challenge to the penalty and the effective date for penalty calculation was dismissed. The tribunal affirmed the assessing officer's decision, ruling that the penalty was correctly imposed based on the original return filing date, and financial constraints were not considered as valid reasons for the delay. The appeal was dismissed, and the penalty was upheld. en-us Fri, 09 Feb 1990 00:00:00 +0530 Wed, 12 Jan 2011 16:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61433 The tribunal upheld the penalty imposed under section 140A for delayed tax payment by a Hindu Undivided Family (HUF) for the assessment year 1983-84. The appellant's challenge to the penalty and the effective date for penalty calculation was dismissed. The tribunal affirmed the assessing officer's decision, ruling that the penalty was correctly imposed based on the original return filing date, and financial constraints were not considered as valid reasons for the delay. The appeal was dismissed, and the penalty was upheld. Case-Laws Income Tax Fri, 09 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61433