Ignorance of Tax Law for Partnership Income Not A Reasonable Excuse for Late ITR Filing

Ashwin Liladhar Shah Vs National Faceless Appeal Centre Delhi (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) Mumbai, in a recent case involving an advocate, upheld the penalty under section 271F imposed for late filing of Income Tax Returns (ITRs). The appellant argued that he was unaware of the fact that the income earned from a partnership firm was liable for tax, asserting it as a reasonable cause for the delay in filing the ITR. The court observed that the appellant, an advocate by profession and partner in a law firm, couldn’t rely on the assertion that he was ignorant about...