TMI BlogThe provisions of s. 221 providing for penalty payable when tax is in default applies to both the...The provisions of s. 221 providing for penalty payable when tax is in default applies to both the situations, i.e., when assessee is in default in respect of the assessed tax or is deemed to be in default in making the payment of tax under “self-assessment tax“ as per the return of income filed by the assessee - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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