1987 (9) TMI 12

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.... in the circumstances of the case, the Tribunal was right in coming to the conclusion that there were reasonable and sufficient cause on account of which the assessee was prevented from filing the return within limitation ? " The relevant assessment year is 1969-70. The assessee was a partner of a firm, M/s. S. Zoraster and Company. The assessee was required to file his return of income for this ....

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....ng sufficient cause for the delay in filing the return was that he was under a bona fide belief that the firm of which he is a partner, having been assessed in the status of an unregistered firm for the assessment years 1967-68 and 1968-69, the assessee was not required to file any return for the relevant assessment year 1969-70. The Tribunal accepted this explanation and held that this bona fide ....