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2023 (6) TMI 122 - AT - Income TaxPenalty u/s. 271F - non- filing of ITR - assessee has failed to explain the reasonable cause for non filing of the returns inspite of having earned income from various sources - Reasonable cause for failure - assessee is an Advocate by profession and is also a partner in a law firm - HELD THAT:- Assessee has merely stated that owing to the financial crisis and his Accountant quitting the employment the assessee was unable to file returns, cannot be a reasonable cause for the failure on the part of the assessee. It is also pertinent to point out the fact that the assessee was on a bonafide belief that income of a partnership firm is exempted from tax, is an unacceptable contention that cannot be relied upon by a person like the assessee who is himself in the Advocacy of law. As well aware of the Latin maxim Ignorantia juris non excusat which means “ignorance of law is no excuse”, holds applicable not only to a common man but also to a person who has to hold the integrity of the law of land. The assessee is in a higher footing than any other person to be aware of the provisions of the statute nevertheless to mention that he has to abide by the said law. No reason stated by the assessee for the failure in filing the ITR is not a reasonable cause nor is it sufficient to delete the impugned penalty levied by the A.O. and confirmed by the ld. CIT(A) - Decided against assessee.
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