9911796707
TMI Blog1980 (4) TMI 201X X X X Extracts X X X X X X X X Extracts X X X X ..... . The appellant, who had an income of Rs. 69,280 had to pay Rs. 3,660 as compulsory deposit. This amount was payable on or before 15th Dec., 1974. But only an amount of Rs. 3,340 had been paid and that too on 15th March, 1975. The difference in the amount paid apparently represented the difference between the income returned/estimated and the income assessed. As for the late payment, the assessing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xplanation. The only further question therefore is whether the penalty was exigible in the facts and circumstances of the case. Time for payment was available upto 15th March, 1975 in respect of some other class of tax payers and even upto 31st March, 1975 for still another class. Under these circumstances, we are not in a position to say that the assessee's alleged belief is an after-thought. As ..... X X X X Extracts X X X X X X X X Extracts X X X X
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