https://www.taxtmi.com/caselaws?id=38646 The court upheld the penalty imposition on an unregistered firm under section 271(1)(a) of the Income-tax Act, despite the firm being treated as registered under section 183(b) for assessment purposes. The penalty was reduced by the Appellate Assistant Commissioner but reinstated by the Tribunal, applying section 271(2) to levy the penalty as if the firm were unregistered. Section 271(3)(a) was deemed inapplicable to delayed return cases, affirming the penalty imposition on the firm and dismissing the assessee's appeal. en-us Mon, 13 Sep 1976 00:00:00 +0530 Wed, 07 Apr 2010 18:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38646 The court upheld the penalty imposition on an unregistered firm under section 271(1)(a) of the Income-tax Act, despite the firm being treated as registered under section 183(b) for assessment purposes. The penalty was reduced by the Appellate Assistant Commissioner but reinstated by the Tribunal, applying section 271(2) to levy the penalty as if the firm were unregistered. Section 271(3)(a) was deemed inapplicable to delayed return cases, affirming the penalty imposition on the firm and dismissing the assessee's appeal. Case-Laws Income Tax Mon, 13 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38646