Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1976 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1976 (4) TMI 102 - AT - Income TaxExtract: .......d furnish the return. Under such circumstances, the delay cannot be stated to be due to wanton or wilful act of the assessee. Taking into consideration of the case, we are of the view that the delay has been explained and there is no case for levy of penalty. 5. In the result, the appeal is allowed and the levy of penalty of Rs. 2,730 is cancelled.
|