1982 (5) TMI 110 - AT - Income Tax

Summary

The appeal before the ITAT Indore concerned the reasonableness of the delay in filing the return. The assessee's contention was that the delay was due to the firm's accounts not being finalized and an application for extension. The ITAT found a reasonable cause for the delay and deleted the penalty, citing relevant case law. The appeal was allowed. (Case: 1982 (5) TMI 110 - ITAT INDORE)