1980 (10) TMI 122

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....e AAC of IT Salem Range, Salem of the levy of penalty under s. 271(1)(a) of the Act to the extent of Rs. 975 2. The assessee filed a return declaring an income of Rs. 9,610 for the asst. yr. 1973-74 on 1st Feb., 1975. The assessment was completed on an income of Rs. 18,810 resulting in a tax of Rs. 2.567. Since there was a failure to file the return of income within the time allowed under s. 13....