1984 (7) TMI 181 - AT - Income Tax

Summary

The assessee filed an appeal against a penalty of Rs. 5,689 imposed by the ITO under s. 271(1)(a) of the IT Act, 1961 for late submission of income tax return. The appeal was dismissed by the ITAT MADRAS-A as there was no evidence to support the claim that the delay was due to the negligence of the Auditor. The assessee's argument that his income was below the taxable limit and he was not legally bound to file the return was also rejected. The penalty was confirmed, and the appeal was dismissed.