https://www.taxtmi.com/caselaws?id=66841 The Appellate Tribunal upheld the penalty imposed on the assessee for a delay in filing the income tax return, despite no tax being payable. The Tribunal followed the interpretations of the Gujarat and Calcutta High Courts, emphasizing that penalty can be imposed even if no tax is due, as per section 271(2). The judgment dismissed the assessee's appeal, favoring the views of the Gujarat and Calcutta High Courts over the Gauhati High Court's interpretation, thereby affirming the imposition of penalty under section 271(1)(a) of the Income-tax Act, 1961. en-us Tue, 20 Mar 1984 00:00:00 +0530 Mon, 07 Mar 2011 16:53:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66841 The Appellate Tribunal upheld the penalty imposed on the assessee for a delay in filing the income tax return, despite no tax being payable. The Tribunal followed the interpretations of the Gujarat and Calcutta High Courts, emphasizing that penalty can be imposed even if no tax is due, as per section 271(2). The judgment dismissed the assessee's appeal, favoring the views of the Gujarat and Calcutta High Courts over the Gauhati High Court's interpretation, thereby affirming the imposition of penalty under section 271(1)(a) of the Income-tax Act, 1961. Case-Laws Income Tax Tue, 20 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66841