https://www.taxtmi.com/caselaws?id=18531 Where a notice under section 143(2)(b) is issued after a summary assessment under section 143(1), the earlier assessment stands opened for further proceedings, and a return filed thereafter may be treated as a revised return under section 139(5). On that basis, the later return was held validly treated as revised, and the cancellation of penalty under section 271(1)(c) was maintained in favour of the assessee. The discussion also notes that the penalty issue depended in part on factual appreciation. en-us Tue, 30 Apr 1996 00:00:00 +0530 Thu, 01 Oct 2009 14:09:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18531 Where a notice under section 143(2)(b) is issued after a summary assessment under section 143(1), the earlier assessment stands opened for further proceedings, and a return filed thereafter may be treated as a revised return under section 139(5). On that basis, the later return was held validly treated as revised, and the cancellation of penalty under section 271(1)(c) was maintained in favour of the assessee. The discussion also notes that the penalty issue depended in part on factual appreciation. Case-Laws Income Tax Tue, 30 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18531