9911796707
TMI Blog1977 (9) TMI 40X X X X Extracts X X X X X X X X Extracts X X X X ..... f the IT Act, 1961 by the revenue for the belated submission of the return. 2. The return for the disputed assessment year from the assessee was due on or before the extended date i.e. 15th Nov., 1971, but the same was filed on 30th June, 1972. Penalty proceedings were initiated as there was a delay in filing the return.. Before the ITO, the assessee pleaded that there was rift among the partner ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the assessee had been assessed below the amount of Rs. 30,000. This fact is not disputed by the Departmental Representative. It is, therefore, clear from the submission of the assessee's counsel that the assessee would not delay the submission of the return for any sinister motive. The assessee has fully established that there was distraction in business in the asst. yr. 1971-72. In the next fol ..... X X X X Extracts X X X X X X X X Extracts X X X X
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