1979 (8) TMI 7 - HC - Income Tax

Summary

The High Court of Allahabad dismissed a petition challenging the imposition of a penalty under section 271(1)(a) for late filing of tax returns for the assessment years 1967-68 and 1968-69. The court found that the reasons provided for the delay were not acceptable and that the burden of proof lay with the assessee to show a reasonable cause for the delay. The court cited a precedent where lack of bona fide was not found, contrasting it with the present case. The court held that even if the income was below the taxable limit, the assessee was still obligated to file returns on time if the income exceeded the exemption limit. The petition was dismissed with costs.