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2014 (10) TMI 249 - HC - Income TaxImposition of penalty u/s 271(1)(a) - delay in filing the returns - Nexus between assessment proceedings of the firm and the obligation of the assessees to file individual returns – Whether imposition of penalty u/s 271(1)(a) or section 271(1)(c) was justified - Held that:- The Tribunal was rightly of the view that the assessee have made out a reasonable cause for not filing the returns in time and, therefore, the penalties levied u/s 271(1)(a) and sustained in the cases of Somanadri Bhupal for the assessment years 1983-84 and 1985-86 and in the case of Smt. Shalini Bhupal for the assessment year 1983-84 are liable to be cancelled - the delay was sufficiently explained and there was no reason to impose the penalty – the order of the Tribunal is upheld – Decided against revenue.
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