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1985 (12) TMI 1 - SC - Income Tax
Delay in Filing Return - When the return to be filed under 1922 Act is filed under 1961 Act and the assessment is also made under the I.T. Act, 1961 - Tribunal was not justified in holding that penalty was leviable under the 1961 Act - High Court answered the reference in favour of the Revenue and against the assessee - order of HC is justified - Penalty is to be levied under 1961 Act