1983 (7) TMI 110

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....d submission of the return of the asst. yr. 1976-77. 2. Shri Gupta the assessee's advocate submits that it is a fact that the return for the asst. yr. 1976-77 was to be filed by 30th June 1976. The records show that the return was filed on 8th May 1978. In reply to the notice u/s 274 by the representatives letter dt. 30th March, 1981 it was brought to the notice of the ITO that the return could n....

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....nuary, 1978. Records shows that on 16th January, 1978 the assessee paid the tax on the returned income. The papers were then handed over to representative to enable him to file the return. However, in the rush of work towards the end of the financial year it is stated that the representative lost sight of the fact that the assessees's return had to be submitted to the ITO. The return was then file....

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.... AAC reduced the penalty. 4. On appeal Shri Gupta argued the assessee's case on the line the assessee had filed the reply dt. 30th March, 1981. Shri Gupta pointed out that the assessee was working as an accountant in the firm of M/s K. Aminuddin & Sons. It was submitted that because of the allowance of the assessee, not only his personal return was delayed but that the returns of the various part....