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1971 (5) TMI 30 - ALLAHABAD HIGH COURTFailure to file estimates of advance tax for an assessment year prior to 1st April, 1962 - " Whether, on the facts and in the circumstances of the case, it could be rightly held that no penalty can be levied on the assessee under section 273(b) of the Act of 1961 for the assessment year under appeal for a default under section 18A(3) of the Act of 1922 ? " - Having regard to the foregoing discussion our answer to the question referred to us is that penalty under section 18A(9) can be imposed under section 273(b) of the Income-tax Act, 1961, for the assessment year under appeal before the Tribunal.
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