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2003 (12) TMI 19 - HC - Income TaxBy the impugned order, the Tribunal has upheld the levy of penalty u/s 140A(3), for failure on his part to pay the self-assessment tax on the basis of the returned income - As regards the question whether the non-payment of tax stems from a reasonable cause or not is purely a question of fact. The Tribunal has found that a bare statement by the assessee that he did not have sufficient funds to make payment towards self-assessment tax, could not be believed as non-payment for 19 years was highly improbable for not arranging the funds - the question whether, there was a reasonable cause for non-payment of tax is essentially a question of fact. The impugned order does not involve any question of law, much less a substantial question of law. – Assessee’s appeal dismissed
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