https://www.taxtmi.com/caselaws?id=16565 The court held that the notice under section 139(2) of the Income-tax Act, 1961, does not absolve the assessee of the default in filing the return under section 139(1). The court emphasized that the default continues until the return is filed, and penalty under section 271(1)(a) can be imposed. The decision aligned with previous judgments and rejected the view that the notice wipes out the default, stating it would encourage willful defaults. The penalty for delay in furnishing the return was upheld, affirming the Income-tax Officer's decision. en-us Fri, 09 Oct 1998 00:00:00 +0530 Tue, 08 Sep 2009 15:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16565 The court held that the notice under section 139(2) of the Income-tax Act, 1961, does not absolve the assessee of the default in filing the return under section 139(1). The court emphasized that the default continues until the return is filed, and penalty under section 271(1)(a) can be imposed. The decision aligned with previous judgments and rejected the view that the notice wipes out the default, stating it would encourage willful defaults. The penalty for delay in furnishing the return was upheld, affirming the Income-tax Officer's decision. Case-Laws Income Tax Fri, 09 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16565