1980 (9) TMI 121

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..... t. yrs. 1973-74, 1974-75 and 1975-76 were filed by the assessee on the same date, i.e., 29th July, 1975. The ITO did not levy any penalty for the asst. yr. 1975-76. However, he levied penalties of Rs. 9,385 and Rs. 2,691 for the asst. yrs. 1973-74 and 1974-75 for the delay in filing the returns. The returns for these two years were due on 30th June, 1973 and 30the June, 1974 respectively, but were .....

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..... Department. As already stated, the return for the assessment year under appeal was also filed on the same date and, therefore, the delay in this year was comparatively less than the delay in filing the return for the asst. yr. 1973-74. In the circumstances, for the reasons given by the Tribunal in its order for the asst. yr. 1973-74, there was good and sufficient cause with a stronger reason for t .....

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