1975 (8) TMI 53

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..... r accounts on the 31st December of every year. The return were due by 30th of June but they were furnished only on 4th Dec., 1967 for the asst. yr. 1967-68 and on 19th Nov., 1968 for the asst. yr. 1968-69. For the year 1967-68 there was a general extension of time upto 15th Aug., 1967 as given by the Government and therefore the delay was a little more than three months. For the asst. yr. 1968-69 .....

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..... isregard on the part of the assessee. As we noted above, the delay is only for a very short period. Considering the explanation given by the assessee we cannot say that there was any conscious disregard on the part of the assessee so as to call for a levy of penalty. The Departmental Representative drew our attention to the fact that there is no evidence that any application for extention of time .....

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