Penalty u/s 271f

Dear Professionals

One of my client - Private Ltd company received a notice u/s 271F for filure to file the return u/s 139 within the due date.

The Turnover of the company for the AY 2012-13 was 40 lacs.

For the AY 2012-13, return was filed belately on 23.02.2013 (before the end of the AY ie 31.03.2013)

My doubt is whether a penalty u/s 271F can be imposed if the return was filed before the end of relavent assessment year.

Advise me.

Thanks in advance

Regards

Santhos Kumar S