https://www.taxtmi.com/caselaws?id=36634 Section 189 of the Income-tax Act, 1961 applies where a firm is dissolved even if its business is not discontinued, because dissolution alone attracts the statutory charge under the provision's plain wording. On penalty for delayed filing under section 271(1)(a), liability cannot be sustained without an express finding that the return was filed late without reasonable cause; absence of dishonest intention is not enough. The Tribunal must therefore determine the statutory reasonable-cause test before penalty can be upheld, and the penalty issue requires fresh consideration on that basis. en-us Fri, 31 Aug 1979 00:00:00 +0530 Tue, 23 Mar 2010 15:44:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36634 Section 189 of the Income-tax Act, 1961 applies where a firm is dissolved even if its business is not discontinued, because dissolution alone attracts the statutory charge under the provision's plain wording. On penalty for delayed filing under section 271(1)(a), liability cannot be sustained without an express finding that the return was filed late without reasonable cause; absence of dishonest intention is not enough. The Tribunal must therefore determine the statutory reasonable-cause test before penalty can be upheld, and the penalty issue requires fresh consideration on that basis. Case-Laws Income Tax Fri, 31 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36634