Failure to file return with in prescribed time period, penalty provision will attract automatically irrespective income determined in the course of assessment. Penalty proceedings is a separate proceedings from assessment. (AY. 2010-11)
Himalayan Educational Trust v. DCIT (E) (2019) 174 ITD 493 (Chennai)(Trib.)
S. 272A : Penalty-Failure to file return with in prescribed time period -Penalty provision will attract automatically irrespective income determined in the course of assessment. [S.139(4A), 272(2)(e), 275(1)]