Supreme Court Dismisses Revenue's Appeals on Interpretation of 'Assessed' in Section 18A(3) of Indian Income-tax Act, 1922. The Court Holds That Provisionally Assessed Persons Are Not 'Hitherto Not Assessed' and Not Liable for Failure to File Advance Tax Estimates Under Section 18A(3), Upholding High Court's Quashing of Penalty and Interest Orders.
20 Aug 1968The case arose from demands of interest and penalty made by the Income Tax Officer, Kanpur against four partners—Mani Ram, Jagmohan, Kishandas, and ...
