1974 (2) TMI 15 - HC - Income Tax

Summary

The High Court of Allahabad ruled in a case involving ex parte assessment orders against Sri Lalit Mohan for the assessment years 1962-63 and 1963-64. The court held that penalties imposed on him as an individual could not be sustained since his status was determined to be that of a Hindu undivided family. The Tribunal's decision to cancel the penalties was upheld, and the department's appeal was dismissed. The court awarded costs of Rs. 200 to the assessee.