https://www.taxtmi.com/caselaws?id=27855 The court ruled in favor of the registered firm, stating that no penalty under Section 271(1)(a) of the Income Tax Act was applicable as there was no assessed tax due on the date of filing the return. The court emphasized that penalty cannot be imposed if the measure specified in the relevant clauses is ineffective. The court concluded that since the advance tax paid exceeded the tax payable, there was no liability to penalty, and the Income Tax Officer could not levy a penalty. en-us Tue, 12 Jun 1984 00:00:00 +0530 Tue, 16 Feb 2010 14:02:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27855 The court ruled in favor of the registered firm, stating that no penalty under Section 271(1)(a) of the Income Tax Act was applicable as there was no assessed tax due on the date of filing the return. The court emphasized that penalty cannot be imposed if the measure specified in the relevant clauses is ineffective. The court concluded that since the advance tax paid exceeded the tax payable, there was no liability to penalty, and the Income Tax Officer could not levy a penalty. Case-Laws Income Tax Tue, 12 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27855