https://www.taxtmi.com/caselaws?id=39119 The court interpreted section 271(2) of the Income-tax Act, emphasizing that penalties for registered firms should be calculated based on tax assessed as if they were unregistered, rejecting the argument for penalties based on tax payable. The judgment aimed to ensure uniformity in penalty application, dismissing petitions seeking a different interpretation and upholding consistent penalty imposition across assesses. en-us Mon, 29 Mar 1976 00:00:00 +0530 Tue, 13 Apr 2010 10:41:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39119 The court interpreted section 271(2) of the Income-tax Act, emphasizing that penalties for registered firms should be calculated based on tax assessed as if they were unregistered, rejecting the argument for penalties based on tax payable. The judgment aimed to ensure uniformity in penalty application, dismissing petitions seeking a different interpretation and upholding consistent penalty imposition across assesses. Case-Laws Income Tax Mon, 29 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39119