https://www.taxtmi.com/caselaws?id=29522 The Court held that penalties under section 271(1)(a) for the assessment years 1965-66, 1968-69, and 1969-70 should only be imposed based on the delay in responding to notices under section 148, excluding any delay in submitting returns under section 139 during the original assessment proceedings. The Tribunal's decision to calculate a 10-month delay for penalty determination was deemed legally justified. The Court clarified that penalties are applicable when a person fails to furnish the return of total income as required under section 148 without reasonable cause, emphasizing that delay before the service of notices under section 148 should not be considered for penalty imposition. en-us Tue, 13 Oct 1981 00:00:00 +0530 Sat, 13 Mar 2010 15:06:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29522 The Court held that penalties under section 271(1)(a) for the assessment years 1965-66, 1968-69, and 1969-70 should only be imposed based on the delay in responding to notices under section 148, excluding any delay in submitting returns under section 139 during the original assessment proceedings. The Tribunal's decision to calculate a 10-month delay for penalty determination was deemed legally justified. The Court clarified that penalties are applicable when a person fails to furnish the return of total income as required under section 148 without reasonable cause, emphasizing that delay before the service of notices under section 148 should not be considered for penalty imposition. Case-Laws Income Tax Tue, 13 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29522