https://www.taxtmi.com/caselaws?id=64478 Financial stringency and the inability to attach challans did not by themselves establish sufficient cause for delayed filing, because the return-filing requirement under section 139(9) concerns proof of tax payment and cannot be read to postpone filing until taxes are actually paid. However, amounts recovered or paid after the close of the financial year but before regular assessment retained their character as advance tax under Chapter XVII-C and had to be credited under section 219. For penalty computation under section 271(1)(a), those sums were therefore deductible from assessed tax, and the penalty base had to be recomputed on that footing. en-us Wed, 11 Sep 1991 00:00:00 +0530 Tue, 08 Feb 2011 11:12:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64478 Financial stringency and the inability to attach challans did not by themselves establish sufficient cause for delayed filing, because the return-filing requirement under section 139(9) concerns proof of tax payment and cannot be read to postpone filing until taxes are actually paid. However, amounts recovered or paid after the close of the financial year but before regular assessment retained their character as advance tax under Chapter XVII-C and had to be credited under section 219. For penalty computation under section 271(1)(a), those sums were therefore deductible from assessed tax, and the penalty base had to be recomputed on that footing. Case-Laws Income Tax Wed, 11 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64478