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1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
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<h1>Penalties under Income-tax Act apply retroactively for pre-1962 assessments</h1> The High Court of Madras ruled that penalties under the Income-tax Act of 1961 are applicable for assessments before 1962-63, with calculation starting ... Income Tax Act, Penalty For Default The High Court of Madras held that penalties under the Income-tax Act of 1961 can be imposed for assessments prior to 1962-63. The penalty must be calculated from the date of default, not from April 1, 1962.