Court rules against penalty imposition for unreasonable delay in assessment year 1946-47.

The High Court of Andhra Pradesh held that penalty was not leviable for the assessment year 1946-47 due to an unreasonable delay of nine years in its imposition. The court emphasized the importance of timely imposition of penalties and ruled against the imposition in this case. The reference was answered in the negative, and no costs were awarded.

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The High Court of Andhra Pradesh ruled that penalty was not exigible in the assessee's case for the assessment year 1946-47 due to inordinate delay in levying the penalty. The court emphasized that penalty should be levied within a reasonable time, and in this case, a delay of nine years was considered unreasonable. The reference was answered in the negative, with no costs awarded.

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