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TMI Blog1977 (12) TMI 39X X X X Extracts X X X X X X X X Extracts X X X X ..... n sustained by the AAC in the appeal before him. 2. It appears the return for the concerned assessment year 1966-67 was due on 30th June, 1966 under s. 139(1) of the Act but the assessee failed to submit the same by that date. He also failed to submit a return in response to the notice under s. 148 which was due on 7th Aug., 1969 with the result that the ITO completed the assessment under s. 14 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it the return within the time was on account of reasonable cause and penalty should not have been imposed by the ITO or sustained by the AAC. 4. The ld. Deptl. Rep. strongly relied on the orders of the authorities below and in particular emphasised the fact of the assessee's failure to file the return even in response to notice under s. 148 of the Act. 5. On a consideration of the facts in t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessee entrusts the matters to his regular IT Practitioner which, it cannot be said, is an unreasonable step taken by a man of prudence particularly as the complexity of the IT law requires expert advice and specialised knowledge and the latter fails to take the necessary steps required in this connection to ensure proper compliance, it must be held that the assessee had reasonable cause for havi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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