A partnership firm had total income of ₹50,00,000 in FY 2024-25. The firm did not file its income-tax return within the due date (30 September 2024). However, the firm filed the return on 15 November 2024 after receiving a notice under Section 142(1). Is the partnership firm liable for penalty under Section 271F?

• ANo; filing after Section 142(1) notice cures the non-filing liability
• BYes; penalty of up to ₹10,000 is imposable as the filing was late
• CNo; penalty under Section 271F is only applicable to individuals, not partnerships
• DYes; but penalty is only up to ₹1,000 as a partial filing was submitted