1958 (11) TMI 2 - SC - Income Tax

Whether under section 28(1) read with section 18A(9) of the Act, it is competent to the Income-tax authorities to impose a penalty on a person who has failed to comply with section 18A(3) of the Act. ?

Held that:- It was competent to the Income-tax authorities to impose a penalty under section 28 read with section 18A(9)(b) where there has been a failure to comply with section 18A(3).

Set aside the order of the court below and answer the reference in the affirmative. Appeal allowed.