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1981 (10) TMI 61 - ITAT CALCUTTAExtract: .......turn on 24th Jan., 1974 and the assessee quickly followed suit on 29th Jan.,1974. In the circumstances, the delay in filing his return by the assessee has to be ascribed to be a reasonable cause. The provisions of s.271(1)(a) are, therefore, not attracted. The impugned penalty (of Rs. 2,323)Is accordingly hereby cancelled. 5. The appeal is allowed.
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