https://www.taxtmi.com/circulars?id=8893 Penalty under section 18(1)(a) is to be levied treating failure to file a return as a continuing default, with penalty computed for each month the default continues. When penalty provisions are amended, the amended regime applies only to the portion of the default that occurs or continues after the amendment; earlier periods remain subject to the law in force at the time of those defaults. Officers must apply this principle uniformly when imposing penalties. en-us Sat, 19 Aug 1972 00:00:00 +0530 Mon, 30 May 2011 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8893 Penalty under section 18(1)(a) is to be levied treating failure to file a return as a continuing default, with penalty computed for each month the default continues. When penalty provisions are amended, the amended regime applies only to the portion of the default that occurs or continues after the amendment; earlier periods remain subject to the law in force at the time of those defaults. Officers must apply this principle uniformly when imposing penalties. Circulars Income Tax Sat, 19 Aug 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8893