https://www.taxtmi.com/caselaws?id=38662 The Court affirmed the Tribunal's decision, holding that section 271(2) applies to penalty calculations for registered firms, overriding other provisions. The judgment clarified the application of penalties under section 271(1)(a) and upheld the penalties imposed by the Income-tax Officer for the assessment years 1964-65, 1965-66, and 1966-67. en-us Thu, 11 Nov 1976 00:00:00 +0530 Thu, 08 Apr 2010 10:48:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38662 The Court affirmed the Tribunal's decision, holding that section 271(2) applies to penalty calculations for registered firms, overriding other provisions. The judgment clarified the application of penalties under section 271(1)(a) and upheld the penalties imposed by the Income-tax Officer for the assessment years 1964-65, 1965-66, and 1966-67. Case-Laws Income Tax Thu, 11 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38662