https://www.taxtmi.com/caselaws?id=12862 Penalty under section 9 of the Companies (Profits) Surtax Act, 1964 is confined to the defaults expressly stated in the provision, namely failure to furnish the return, failure to produce accounts or documents, concealment of chargeable profits, or furnishing inaccurate particulars. Mere delay in filing a return, where the return is ultimately furnished under section 5(2), is not treated as equivalent to failure to furnish the return. Applying strict construction of penal provisions in taxing statutes, the omission of any express reference to delayed filing is decisive. The effect is that delayed filing by itself does not attract penalty under section 9. en-us Thu, 23 Aug 2001 00:00:00 +0530 Fri, 22 May 2009 15:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12862 Penalty under section 9 of the Companies (Profits) Surtax Act, 1964 is confined to the defaults expressly stated in the provision, namely failure to furnish the return, failure to produce accounts or documents, concealment of chargeable profits, or furnishing inaccurate particulars. Mere delay in filing a return, where the return is ultimately furnished under section 5(2), is not treated as equivalent to failure to furnish the return. Applying strict construction of penal provisions in taxing statutes, the omission of any express reference to delayed filing is decisive. The effect is that delayed filing by itself does not attract penalty under section 9. Case-Laws Income Tax Thu, 23 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12862