1989 (7) TMI 50

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....been filed by Barnwal Abhushan Kendra which is a registered firm doing business at Varanasi. For the assessment year 1980-81, the petitioner did not submit the return within time. It was submitted by it voluntarily before initiation of the proceedings under section 139(2) or 148 of the Income-tax Act. After imposition of interest and penalty, the petitioner applied for waiver of the same. This ....

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....r, that could be a ground sufficient by itself to reject the application for waiver. He relied upon certain rulings of this court as well as others for the submission that the filing of the return beyond the assessment year alone could not be a ground for rejecting the application for waiver. He contended that as the petitioner had filed the same before initiation of the proceedings under sub-sect....