https://www.taxtmi.com/caselaws?id=35765 A return filed after the time prescribed under section 139(1), even if within section 139(4), does not cure default for penalty purposes under section 271(1)(a). The Court held that section 271(1)(a) applies only to failures in filing returns required under section 139(1) or section 139(2), and that extending Kulu Valley Transport Co. P. Ltd. to penalty proceedings would wrongly render part of the provision redundant. The return filed under section 139(4) therefore did not protect the assessee from penalty, and the Tribunal's contrary view was rejected. en-us Wed, 25 Feb 1981 00:00:00 +0530 Tue, 16 Mar 2010 15:29:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35765 A return filed after the time prescribed under section 139(1), even if within section 139(4), does not cure default for penalty purposes under section 271(1)(a). The Court held that section 271(1)(a) applies only to failures in filing returns required under section 139(1) or section 139(2), and that extending Kulu Valley Transport Co. P. Ltd. to penalty proceedings would wrongly render part of the provision redundant. The return filed under section 139(4) therefore did not protect the assessee from penalty, and the Tribunal's contrary view was rejected. Case-Laws Income Tax Wed, 25 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35765