https://www.taxtmi.com/caselaws?id=27278 The court upheld the penalty imposed under section 271(1)(a) for default under section 139(2) of the Income Tax Act, 1961, against a firm for delayed submission of the return for the assessment year 1966-67. The Appellate Assistant Commissioner and the Tribunal confirmed the penalty, emphasizing the default in submitting the return without a valid cause. Additionally, the court clarified that the penalty under section 139(1) was imposed for non-compliance with the notice under section 139(2). The court aligned with a Full Bench decision, ruling in favor of the Revenue and upholding the penalty for the period of default under section 139(1. en-us Thu, 09 Aug 1984 00:00:00 +0530 Thu, 11 Feb 2010 18:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27278 The court upheld the penalty imposed under section 271(1)(a) for default under section 139(2) of the Income Tax Act, 1961, against a firm for delayed submission of the return for the assessment year 1966-67. The Appellate Assistant Commissioner and the Tribunal confirmed the penalty, emphasizing the default in submitting the return without a valid cause. Additionally, the court clarified that the penalty under section 139(1) was imposed for non-compliance with the notice under section 139(2). The court aligned with a Full Bench decision, ruling in favor of the Revenue and upholding the penalty for the period of default under section 139(1. Case-Laws Income Tax Thu, 09 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27278