https://www.taxtmi.com/caselaws?id=9358 The High Court addressed the imposition of a penalty under section 271(1)(a) of the Income-tax Act for late filing of income tax returns by a registered firm, ruling in favor of the Department. The court interpreted section 271(2) to calculate penalties for registered firms based on the tax assessed as if the firm were unregistered. Emphasizing consistency, the court aligned with the Madhya Pradesh High Court's view, highlighting the need for uniformity in penalty provisions' interpretation and application. en-us Tue, 22 Mar 2005 00:00:00 +0530 Mon, 22 Jun 2009 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9358 The High Court addressed the imposition of a penalty under section 271(1)(a) of the Income-tax Act for late filing of income tax returns by a registered firm, ruling in favor of the Department. The court interpreted section 271(2) to calculate penalties for registered firms based on the tax assessed as if the firm were unregistered. Emphasizing consistency, the court aligned with the Madhya Pradesh High Court's view, highlighting the need for uniformity in penalty provisions' interpretation and application. Case-Laws Income Tax Tue, 22 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9358