1978 (7) TMI 149

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....1 (1) (a) for the asst. yr. 1973-74. The return of income for that year, which was due for submission on or before 31st Jan., 1973, was actually filed only on 20th April, 1974. The reason for the delay was explained before the authorities as mainly being due to the fact that the managing partner was seriously ill at the relevant time and it was also pointed out that an application for extension of....

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....the managing partner, still held good even after that date. He pointed out in this connection that the managing partner did not recover from the illness and ultimately expired in the month of October of that very year. The learned departmental representative, on her part, relied on the orders of the authorities below and urged that the penalty should be upheld. 3. We have carefully considered t....