https://www.taxtmi.com/caselaws?id=38518 The court upheld the imposition of the penalty within the limitation period under section 275(a)(i) of the Income-tax Act, 1961, based on the completion of proceedings after a fresh assessment. The penalty amount of Rs. 9,168 was deemed appropriate, calculated at 2% per month for a 12-month delay, in line with provisions for unregistered firms. The writ petition challenging the penalty imposition and quantum was dismissed, with costs awarded against the petitioner. en-us Wed, 30 Mar 1977 00:00:00 +0530 Wed, 07 Apr 2010 10:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38518 The court upheld the imposition of the penalty within the limitation period under section 275(a)(i) of the Income-tax Act, 1961, based on the completion of proceedings after a fresh assessment. The penalty amount of Rs. 9,168 was deemed appropriate, calculated at 2% per month for a 12-month delay, in line with provisions for unregistered firms. The writ petition challenging the penalty imposition and quantum was dismissed, with costs awarded against the petitioner. Case-Laws Income Tax Wed, 30 Mar 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38518