https://www.taxtmi.com/caselaws?id=61221 The Tribunal annulled the assessment framed under Section 147(a) of the IT Act, 1961, and cancelled the penalty levied under Section 271(1)(a) for late filing of return. It held that the initiation of proceedings under Section 147(a) was unjustified as the conditions for such proceedings were not met, and the assessee was not obligated to file a return under Section 139(1) due to the exemption of dairy income. en-us Sat, 24 Jul 1982 00:00:00 +0530 Tue, 11 Jan 2011 13:34:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61221 The Tribunal annulled the assessment framed under Section 147(a) of the IT Act, 1961, and cancelled the penalty levied under Section 271(1)(a) for late filing of return. It held that the initiation of proceedings under Section 147(a) was unjustified as the conditions for such proceedings were not met, and the assessee was not obligated to file a return under Section 139(1) due to the exemption of dairy income. Case-Laws Income Tax Sat, 24 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61221