1979 (1) TMI 156 - AT - Income Tax

Summary

The appeal by the Department regarding a penalty imposed for late filing of income tax return for the assessment year 1974-75 was dismissed by the Appellate Tribunal ITAT MADRAS-A. The Tribunal upheld the decision of the AAC to cancel the penalty, stating that the delay in filing occurred in the office of the auditor, not due to any fault of the assessee. The appeal was dismissed, and no penalty was imposed.