https://www.taxtmi.com/caselaws?id=24660 The High Court of Rajasthan held that no penalty under section 271(1)(a) was applicable to the assessee, a registered firm, for the assessment year 1978-79. The Tribunal's decision was affirmed, finding that the firm had no tax liability as per the Explanation to section 271(1)(a). The reference was decided in favor of the assessee, ruling against the Revenue. en-us Wed, 14 Sep 1988 00:00:00 +0530 Thu, 21 Jan 2010 15:36:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24660 The High Court of Rajasthan held that no penalty under section 271(1)(a) was applicable to the assessee, a registered firm, for the assessment year 1978-79. The Tribunal's decision was affirmed, finding that the firm had no tax liability as per the Explanation to section 271(1)(a). The reference was decided in favor of the assessee, ruling against the Revenue. Case-Laws Income Tax Wed, 14 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24660