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1 - 10 of 12 (0.20 seconds)Section 80IA in The Income Tax Act, 1961 [Entire Act]
Section 139 in The Income Tax Act, 1961 [Entire Act]
Section 10A in The Income Tax Act, 1961 [Entire Act]
Section 80ID in The Income Tax Act, 1961 [Entire Act]
Section 80IE in The Income Tax Act, 1961 [Entire Act]
Section 234A in The Income Tax Act, 1961 [Entire Act]
Prakash Nath Khanna & Anr vs Commissioner Of Income Tax And Anr on 16 February, 2004
7. Another argument put forth before the Special Bench was that
Sec.139(4) is a proviso to Sec.139(1) of the Act and therefore return
filed before the time limit prescribed in Sec.139(4) should also be
considered as a return filed u/s.139(1) of the Act. This argument was
also considered and rejected by the Special Bench and the Special
Bench held that the Hon'ble Supreme Court in the case of Prakash
Nath Khanna vs. CIT as reported in 266 ITR 01 (SC) has held that filing of
return of income within the time allowed u/s 139(4) of the Income tax Act,
1961 cannot dilute the infraction in not furnishing return in due time as
prescribed u/s 139(1) of the Income tax Act, 1961.