https://www.taxtmi.com/caselaws?id=29500 Failure to file a return within the time allowed by notice under section 22(2) of the Indian Income-tax Act, 1922 remained a penal default under section 28 where no reasonable cause was shown. A return filed later within the period permitted by section 22(3) did not cure that default for penalty purposes, because section 22(3) operated in the assessment context and did not override the express language of the penalty provision. The principle in Kulu Valley Transport Co. was confined to assessment and could not be extended to defeat section 28. The assessee was therefore liable to penalty, and the referred question was answered against the assessee. en-us Fri, 12 Feb 1982 00:00:00 +0530 Sat, 13 Mar 2010 13:26:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29500 Failure to file a return within the time allowed by notice under section 22(2) of the Indian Income-tax Act, 1922 remained a penal default under section 28 where no reasonable cause was shown. A return filed later within the period permitted by section 22(3) did not cure that default for penalty purposes, because section 22(3) operated in the assessment context and did not override the express language of the penalty provision. The principle in Kulu Valley Transport Co. was confined to assessment and could not be extended to defeat section 28. The assessee was therefore liable to penalty, and the referred question was answered against the assessee. Case-Laws Income Tax Fri, 12 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29500