Held that the assessee was having excess of expenditure over income for all these years and, thus, by not filing return of income within due date specified under Act, there was no loss of revenue to Government. Illness of managing trustee of trust would come under reasonable cause as provided under section 273B for not filing return of income within due date. Levy of penalty is set aside. (AY. 2007-08 to 2010-2011)
National Institute of Women Child & Rural Health Trust v. JCIT (2022) 194 ITD 214 (Chennai)(Trib.)
S. 272A : Penalty-Failure to answer questions-Sign statements-Furnish information-Illness of managing trustee of trust-Reasonable cause-Levy of penalty is not valid. [S. 139, 272A(2)(e), 273B]