https://www.taxtmi.com/caselaws?id=29420 The High Court held that the penalty for non-filing of returns under the Income-tax Act continues to accrue from the due date under section 139(1) until a notice is served under section 139(2). The issuance of a notice under section 139(2) does not absolve the assessee of liability for default under section 139(1). The Tribunal's approach of calculating the penalty period only from the date of notices under sections 148 and 139(2) was deemed incorrect. The judgment emphasized the separate nature of defaults under sections 139(1) and 139(2), rejecting the notion that the latter notice nullifies the liability arising from the former default. en-us Wed, 16 Dec 1981 00:00:00 +0530 Fri, 12 Mar 2010 16:55:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29420 The High Court held that the penalty for non-filing of returns under the Income-tax Act continues to accrue from the due date under section 139(1) until a notice is served under section 139(2). The issuance of a notice under section 139(2) does not absolve the assessee of liability for default under section 139(1). The Tribunal's approach of calculating the penalty period only from the date of notices under sections 148 and 139(2) was deemed incorrect. The judgment emphasized the separate nature of defaults under sections 139(1) and 139(2), rejecting the notion that the latter notice nullifies the liability arising from the former default. Case-Laws Income Tax Wed, 16 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29420