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2015 (3) TMI 984 - HC - Income TaxWaiver to interest, fine and penalty rejected - petition to condone delay rejected - tax on investment towards purchase of property in Mannargudi out of sale proceeds of gold brought under NRI scheme - petitioner is a non-resident Indian working in Singapore - Held that:- Though there is some force in the contention of the learned counsel for the respondent, that sufficient opportunity has been given to the petitioner to pay interest, fine and penalty apart from the tax amount, which is due from 1994 1995. But, the petitioner failed to avail the opportunity given by the authority, in the interest of justice, there will be no harm in giving one more opportunity to the petitioner. Admittedly, the petitioner failed to take effective steps to avail the opportunity given to him. Therefore, remit the matter to the authority for fresh consideration provided the petitioner deposits entire tax amount demanded by the authority.
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