https://www.taxtmi.com/caselaws?id=10310 The High Court upheld the cancellation of a penalty imposed under section 271(1)(a) of the Income-tax Act due to a delay in filing the return. The court interpreted the term "month" to refer to a complete calendar month, in line with precedents set by the Calcutta and Madras High Courts. Relying on the General Clauses Act, 1897, the court affirmed the Tribunal's decision, ruling in favor of the assessee and emphasizing the importance of consistent legal interpretations in tax laws. en-us Wed, 12 Jan 2005 00:00:00 +0530 Mon, 13 Jul 2009 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10310 The High Court upheld the cancellation of a penalty imposed under section 271(1)(a) of the Income-tax Act due to a delay in filing the return. The court interpreted the term "month" to refer to a complete calendar month, in line with precedents set by the Calcutta and Madras High Courts. Relying on the General Clauses Act, 1897, the court affirmed the Tribunal's decision, ruling in favor of the assessee and emphasizing the importance of consistent legal interpretations in tax laws. Case-Laws Income Tax Wed, 12 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10310