1980 (2) TMI 139 - AT - Income Tax

Summary

The assessee appealed against a penalty imposed under section 271(1)(a) of the IT Act, 1961 for the assessment year 1976-77. The penalty was confirmed by the AAC but was canceled by the ITAT MADRAS-A as the delay in filing the return was due to the assessee's health issues. The appeal was allowed. (Case citation: 1980 (2) TMI 139 - ITAT MADRAS-A)