https://www.taxtmi.com/caselaws?id=8497 The High Court ruled in favor of the revenue and against the assessee in a case involving the interpretation of tax payable under the Income-tax Act. The Court held that taxes paid by partners should not be considered in determining the penalty payable by the firm. Additionally, the Court determined that the default under section 139(1) continues until the return is filed, and the issuance of a notice under section 139(2) does not absolve the assessee from this obligation. The Court recommended that the department consider granting relief to the assessee due to the harsh operation of penal provisions in this instance. en-us Wed, 18 Aug 1971 00:00:00 +0530 Mon, 27 Apr 2009 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8497 The High Court ruled in favor of the revenue and against the assessee in a case involving the interpretation of tax payable under the Income-tax Act. The Court held that taxes paid by partners should not be considered in determining the penalty payable by the firm. Additionally, the Court determined that the default under section 139(1) continues until the return is filed, and the issuance of a notice under section 139(2) does not absolve the assessee from this obligation. The Court recommended that the department consider granting relief to the assessee due to the harsh operation of penal provisions in this instance. Case-Laws Income Tax Wed, 18 Aug 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8497