https://www.taxtmi.com/caselaws?id=58002 The Tribunal upheld the penalty imposed under section 271(1)(a) of the Income-tax Act on a registered firm for late filing of income tax return for the assessment year 1980-81. The appeal against the penalty was dismissed, affirming the AAC's order. The Tribunal aligned with the Bombay High Court's decision, concluding that the penalty was rightly imposed despite the firm having no tax liability after payment of advance tax and TDS. en-us Thu, 20 Dec 1990 00:00:00 +0530 Wed, 15 Dec 2010 17:41:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58002 The Tribunal upheld the penalty imposed under section 271(1)(a) of the Income-tax Act on a registered firm for late filing of income tax return for the assessment year 1980-81. The appeal against the penalty was dismissed, affirming the AAC's order. The Tribunal aligned with the Bombay High Court's decision, concluding that the penalty was rightly imposed despite the firm having no tax liability after payment of advance tax and TDS. Case-Laws Income Tax Thu, 20 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58002