https://www.taxtmi.com/caselaws?id=23618 The High Court of Madhya Pradesh held that penalties under Section 271(1)(a) of the Income-tax Act, 1961 apply to registered firms failing to file returns without reasonable cause, irrespective of outstanding tax liability. The quantification of penalties should treat the registered firm as unregistered under Section 271(2). The court ruled in favor of the Department, overturning the Tribunal's decision to cancel the penalties. en-us Fri, 13 Mar 1987 00:00:00 +0530 Tue, 22 Dec 2009 16:50:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23618 The High Court of Madhya Pradesh held that penalties under Section 271(1)(a) of the Income-tax Act, 1961 apply to registered firms failing to file returns without reasonable cause, irrespective of outstanding tax liability. The quantification of penalties should treat the registered firm as unregistered under Section 271(2). The court ruled in favor of the Department, overturning the Tribunal's decision to cancel the penalties. Case-Laws Income Tax Fri, 13 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23618