1982 (1) TMI 103

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..... )(a) of the IT Act, 1961. In this case, return was due to be filed on or before 30th June, 1976 but that was filed late on 30th June 1977 by the assessee. The ITO first made the assessment u/s 143(1) and no penalty proceedings were then initiated. Thereafter, the ITO reopened the assessment and completed the same u/s 143(3) and then initiated the penalty proceedings for default u/s 271(1) (a). The .....

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