Compulsory deposit compliance: penalty suspended where delayed deposits are accepted within an administrative grace period. Where deposit offices refused to accept compulsory deposits through no fault of depositors, penal action under section 10 of the Compulsory Deposit Scheme (Income tax Payers) Act, 1974 should not be initiated if the deposit is made by 31 January 1975; Income Tax Officers are to be issued immediate instructions to implement this approach.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Compulsory deposit compliance: penalty suspended where delayed deposits are accepted within an administrative grace period.
Where deposit offices refused to accept compulsory deposits through no fault of depositors, penal action under section 10 of the Compulsory Deposit Scheme (Income tax Payers) Act, 1974 should not be initiated if the deposit is made by 31 January 1975; Income Tax Officers are to be issued immediate instructions to implement this approach.
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