https://www.taxtmi.com/caselaws?id=37754 The High Court upheld the Tribunal's decision that the default period under section 139(1) of the Income-tax Act ends upon the service of notice under section 139(2). It was concluded that once a notice under section 139(2) is served, the obligation to file a return under section 139(1) ceases, preventing the assessee from being penalized for two defaults simultaneously for the same period. The High Court referenced relevant case law and directed the parties to bear their own costs. en-us Mon, 10 Apr 1978 00:00:00 +0530 Wed, 31 Mar 2010 17:45:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37754 The High Court upheld the Tribunal's decision that the default period under section 139(1) of the Income-tax Act ends upon the service of notice under section 139(2). It was concluded that once a notice under section 139(2) is served, the obligation to file a return under section 139(1) ceases, preventing the assessee from being penalized for two defaults simultaneously for the same period. The High Court referenced relevant case law and directed the parties to bear their own costs. Case-Laws Income Tax Mon, 10 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37754