https://www.taxtmi.com/caselaws?id=36798 In a case concerning the interpretation of penalty provisions under section 271(1)(a) of the Income-tax Act, 1961 for delayed filing of income tax returns, the High Court of Calcutta ruled that a "month" should be construed as an English calendar month. This decision aligned with the Madras High Court's stance, diverging from the Allahabad High Court's view that a "month" equated to a period of thirty days. Consequently, the penalty calculation for the executor of an estate in the assessment year 1963-64 was based on complete months of default, resulting in a favorable outcome for the assessee. en-us Wed, 07 May 1980 00:00:00 +0530 Wed, 24 Mar 2010 16:05:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36798 In a case concerning the interpretation of penalty provisions under section 271(1)(a) of the Income-tax Act, 1961 for delayed filing of income tax returns, the High Court of Calcutta ruled that a "month" should be construed as an English calendar month. This decision aligned with the Madras High Court's stance, diverging from the Allahabad High Court's view that a "month" equated to a period of thirty days. Consequently, the penalty calculation for the executor of an estate in the assessment year 1963-64 was based on complete months of default, resulting in a favorable outcome for the assessee. Case-Laws Income Tax Wed, 07 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36798