1985 (7) TMI 144

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.... and reduced by the AAC to Rs. 9,166. 2. There have been shifting explanations about the late filing of return given by the assessee and certain probabilities and possibilities indicate such as that normally returns are filed in time by the assessee and most probably this return was given to the Income-tax lawyer who might not have filed the same in time, as there was change of lawyer etc. That ....

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....issue in the case of Piyara Lal Mehandiratta & Co. ITA No. 46/Chandi/84, dt. 25th May, 1984. Therefore, on that basis, we cancel the penalty. However, we are not going into the other reasons forwarded, though it is not clear as to how total penalty of Rs. 18,331 was reduced by the AAC to Rs. 9,166 as he took into consideration conduct of the assessee in respect of assessment years right from 1971-....