1980 (12) TMI 96

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....    B.L. MAURYA, J.M.: This is an appeal by the assessee against the order of the AAC of WT confirming the levy of penalty under s. 18(1)(a) of the Act. The facts are that the return in this case was due to be field by 30th June, 1973 but the same was field on 15th Aug., 1973 (sic) and as such the WTO initiated penal proceedings and issued show cause notice under s. 18(2) r/w ....

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.... date of filing of return. The question of non-taxability of the accumulated agricultural income, according to the ITO, had also been set at rest by the decision of the AAC which confirmed the ITO's order. In the result the ITO held that in the absence of any reason or cause penalty is leviable and as such he levied a penalty of Rs. 1,661. In appeal the AAC confirmed the levy of penalty. Hence thi....