https://www.taxtmi.com/caselaws?id=15152 For penalty under section 271(1)(a) where the assessee fails to furnish a return called for under section 148, the relevant "assessed tax" is the tax determined in the reassessment proceedings, not the tax from the original assessment. The governing principle is that the penalty base follows the assessment made on reopening because the default arises from non-compliance with the notice under section 148. The Tribunal's approach of using the difference between the first assessment and the reassessment was accepted, and the computation was held to depend on the reopened assessment figure. en-us Mon, 20 Dec 1999 00:00:00 +0530 Mon, 03 Aug 2009 13:27:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15152 For penalty under section 271(1)(a) where the assessee fails to furnish a return called for under section 148, the relevant "assessed tax" is the tax determined in the reassessment proceedings, not the tax from the original assessment. The governing principle is that the penalty base follows the assessment made on reopening because the default arises from non-compliance with the notice under section 148. The Tribunal's approach of using the difference between the first assessment and the reassessment was accepted, and the computation was held to depend on the reopened assessment figure. Case-Laws Income Tax Mon, 20 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15152