https://www.taxtmi.com/caselaws?id=23971 The High Court of Calcutta ruled in a case involving a partnership firm challenging penalties imposed by the Inspecting Assistant Commissioner of Income-tax. The court held that the Commissioner's authority did not extend to imposing penalties under section 271 of the Income-tax Act, especially when the assessed amount was paid within the extended time for filing returns. Consequently, the court granted partial relief to the petitioner, directing the withdrawal of the penalty notice for the relevant assessment years. en-us Thu, 15 Jun 1989 00:00:00 +0530 Fri, 15 Jan 2010 15:20:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23971 The High Court of Calcutta ruled in a case involving a partnership firm challenging penalties imposed by the Inspecting Assistant Commissioner of Income-tax. The court held that the Commissioner's authority did not extend to imposing penalties under section 271 of the Income-tax Act, especially when the assessed amount was paid within the extended time for filing returns. Consequently, the court granted partial relief to the petitioner, directing the withdrawal of the penalty notice for the relevant assessment years. Case-Laws Income Tax Thu, 15 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23971