1978 (7) TMI 149 - AT - Income Tax

Summary

The appeal was against a penalty of Rs. 1,737 imposed under s. 271(1)(a) for delay in filing the income tax return for the asst. yr. 1973-74. The delay was due to the managing partner's serious illness. The Tribunal canceled the penalty, considering the circumstances. The appeal was allowed. (Case: Appellate Tribunal ITAT MADRAS-A, Citation: 1978 (7) TMI 149 - ITAT MADRAS-A)