1990 (1) TMI 153

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....return was due on 31st July, 1981, but it was filed only on 31st day of March, 1984. The reason for the delay was that the share income from the firm was not available and further they had asked for extension of time. The ITO did not accept this as a reasonable cause. He pointed out that the assessee was a habitual defaulter in filing the returns. He pointed out that the return for all the earlier....