TMI Blog1971 (11) TMI 51X X X X Extracts X X X X X X X X Extracts X X X X ..... cts and in the circumstances of the case, any penalty was exigible in the assessee's case for the assessment year 1946-47 ? " For the assessment year 1946-47 the assessee was assessed to a certain sum of tax and the assessment became final on July 24, 1954. But there was no order levying penalty in his case till July 1, 1963. Though no period for levying the penalty has been fixed in the Indian ..... X X X X Extracts X X X X X X X X Extracts X X X X
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