https://www.taxtmi.com/caselaws?id=8022 A return filed after the original time limit but before assessment under section 6 of the Super Profits Tax Act, 1963 could still be accepted for assessment, and section 10 did not clearly create penalty liability for late filing in the absence of express words. Because the assessee had in fact furnished the return before assessment and the assessment proceeded on that basis, the court held that mere delay beyond the prescribed period did not justify penalty. The penalty notice was therefore unsustainable and the assessee succeeded. en-us Fri, 26 Sep 1969 00:00:00 +0530 Fri, 27 Mar 2009 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8022 A return filed after the original time limit but before assessment under section 6 of the Super Profits Tax Act, 1963 could still be accepted for assessment, and section 10 did not clearly create penalty liability for late filing in the absence of express words. Because the assessee had in fact furnished the return before assessment and the assessment proceeded on that basis, the court held that mere delay beyond the prescribed period did not justify penalty. The penalty notice was therefore unsustainable and the assessee succeeded. Case-Laws Income Tax Fri, 26 Sep 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8022