1971 (1) TMI 18

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..... l, only in a case where there is no default or there is a reasonable cause for the default to which section 271(1)(a) refers - Revenue's appeal partly allowed - - - - - Dated:- 8-1-1971 - Judge(s) : A. N. GROVER., J. C. SHAH. and K. S. HEGDE. JUDGMENT The judgment of the court was delivered by SHAH C. J.-- Counsel appearing for the parties are agreed that the point raised by the firs .....

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..... rect that penalty may not be levied. The High Court in answering this question observed : " Our answer to the second question is that the Tribunal has a discretion to say that no penalty could be levied at all, only in a case where there is no default or there is a reasonable cause for the default to which section 271(1)(a) refers. We should, however, observe that our answer to the first questi .....

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