https://www.taxtmi.com/caselaws?id=8642 A registered firm was not liable to penalty for failure to file a return where its total income, as finally determined, did not exceed the maximum amount not chargeable to income-tax. Section 22(1) imposed the return-filing duty only on persons whose income crossed the statutory threshold, and provisions governing firm assessment or penalty computation could not expand that duty. The later issue of the registration certificate did not postpone registration for the relevant assessment year; registration operated for that year and governed the filing obligation. On that basis, no statutory obligation to file arose and penalty under Section 28(1)(a) was not leviable, with the question answered for the assessee. en-us Tue, 15 Sep 1970 00:00:00 +0530 Sat, 09 May 2009 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8642 A registered firm was not liable to penalty for failure to file a return where its total income, as finally determined, did not exceed the maximum amount not chargeable to income-tax. Section 22(1) imposed the return-filing duty only on persons whose income crossed the statutory threshold, and provisions governing firm assessment or penalty computation could not expand that duty. The later issue of the registration certificate did not postpone registration for the relevant assessment year; registration operated for that year and governed the filing obligation. On that basis, no statutory obligation to file arose and penalty under Section 28(1)(a) was not leviable, with the question answered for the assessee. Case-Laws Income Tax Tue, 15 Sep 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8642