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2011 (3) TMI 1544 - KERALA HIGH COURTWhether the Tribunal was justified in sustaining penalty at equal amount of tax for dishonour of cheques given towards payment of tax and consequent delay in payment of tax? Held that:- Considering the fact that taxes were paid along with interest on issuing notice by the assessing officer, and the assessing officer himself delayed issue of notice by six months and in view of the financial difficulty expressed by the petitioner consequent upon his heart ailment, we refix the penalty at ₹ 25,000 per month, i.e., ₹ 50,000 as total penalty for delay in payment of tax for the months of February and March, 2009. O.T. revision cases are allowed in part
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