1977 (12) TMI 39 - AT - Income Tax

Summary

The Appellate Tribunal in ITAT Ahmedabad-A canceled the penalty imposed on the assessee, Shri Dhirubhai R. Desai, under section 271(1)(a) of the IT Act for non-submission of the return within the prescribed time. The Tribunal found that the failure to submit the return was due to reasonable cause as the assessee had entrusted the matter to an IT Practitioner who failed to comply. The penalty of Rs. 1,440 was canceled, and a refund was directed if already collected. The appeal was allowed.