https://www.taxtmi.com/caselaws?id=25063 Issuance of a notice under section 139(2) does not, by itself, bar levy of penalty under section 271(1)(a) for failure to furnish the return under section 139(1). The Court followed its earlier view that the statutory default remains punishable where non-filing under section 139(1) is otherwise established, and the later notice does not nullify that default. The Tribunal was therefore found to be incorrect in holding that no penalty could be imposed, and the question was answered in favour of the Revenue and against the assessee. en-us Thu, 17 Mar 1988 00:00:00 +0530 Mon, 25 Jan 2010 11:27:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25063 Issuance of a notice under section 139(2) does not, by itself, bar levy of penalty under section 271(1)(a) for failure to furnish the return under section 139(1). The Court followed its earlier view that the statutory default remains punishable where non-filing under section 139(1) is otherwise established, and the later notice does not nullify that default. The Tribunal was therefore found to be incorrect in holding that no penalty could be imposed, and the question was answered in favour of the Revenue and against the assessee. Case-Laws Income Tax Thu, 17 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25063