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1972 (12) TMI 12 - MADRAS HIGH COURTPetitioners made a voluntary disclosure of income under section 68 of the Finance Act, 1965. The tax payable on The income so voluntarily disclosed amounted to Rs. 15,55,500. The said tax was due to be paid on or before November 30, 1965, under the said section. However the tax was not paid before the said date. Subsequently, the petitioners offered to pay the said tax but the Commissioner of Income-tax declined to receive the same on the ground that the time for payment was long over - When assessee does not pay taxes with in the due date but if the sale after coming into force of Finance (No. 2) Act, 1967 whether interest can be levied for the period prior to 1/4/1967
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