2014 (12) TMI 1102

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....i Ajay Mittal, CA For Department By : Smt. Shalini Verma, Sr. DR ORDER PER BENCH: This bunch of 19 files involve two assessees in respect of whom penalty has been imposed u/s 271(1)(b) of the Income-tax Act, 1961 ('the Act' for short) in relation to the assessment years 2004-05 to 2010-11. 2. Since common issue is raised in all these appeals, we are proceeding to dispose them off by....

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....mbers and the concerned persons were occupied in finalization of books of account for the Financial year 2010-11 as income tax return for AY 2011-12 was to be filed on 30.09.2011. The assessee further stated that the delay on the part of the assessee in filing the return/documents was unintentional. The assessee further requested for grant of time of 15/20 days for doing the needful. Not convinced....

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....factual position obtaining in this case, it is crystal clear that the assessee was prevented by a reasonable cause in not complying with the directions of the AO which led to the imposition of penalty u/s 271(1)(b) of the Act. 5. Here, it is relevant to mention that the provisions of the section 271(1)(b) of the Act imposing penalty are not absolute. Section 273B provides that where the assesse....