https://www.taxtmi.com/caselaws?id=61438 The ITAT upheld the deletion of the penalty under section 271(1)(a) of the IT Act, 1961 for the delay in filing the return for the assessment year 1981-82. The appellate authority's decision to delete the penalty was supported by the fact that no tax demand was created, and the tax paid or deducted at source exceeded the tax liability. The ITAT found the decision legally sound, emphasizing that penalty should not be levied for delayed filing if the tax liability was met through advance tax or TDS. The appeal was dismissed, affirming the deletion of the penalty. en-us Wed, 05 Jan 1994 00:00:00 +0530 Wed, 12 Jan 2011 16:16:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61438 The ITAT upheld the deletion of the penalty under section 271(1)(a) of the IT Act, 1961 for the delay in filing the return for the assessment year 1981-82. The appellate authority's decision to delete the penalty was supported by the fact that no tax demand was created, and the tax paid or deducted at source exceeded the tax liability. The ITAT found the decision legally sound, emphasizing that penalty should not be levied for delayed filing if the tax liability was met through advance tax or TDS. The appeal was dismissed, affirming the deletion of the penalty. Case-Laws Income Tax Wed, 05 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61438