https://www.taxtmi.com/caselaws?id=62119 Penalty for default in payment of self-assessment tax under section 140-A was considered unsustainable where the original demand notice failed to credit tax already paid, the assessee did not promptly seek rectification, and the demand was later corrected by the department. Because the balance tax was then paid within a reasonable time and the delay in proper adjustment was attributable to the tax department, the facts did not justify penal action. The penalty was cancelled in favour of the assessee. en-us Tue, 29 Nov 1977 00:00:00 +0530 Tue, 18 Jan 2011 11:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62119 Penalty for default in payment of self-assessment tax under section 140-A was considered unsustainable where the original demand notice failed to credit tax already paid, the assessee did not promptly seek rectification, and the demand was later corrected by the department. Because the balance tax was then paid within a reasonable time and the delay in proper adjustment was attributable to the tax department, the facts did not justify penal action. The penalty was cancelled in favour of the assessee. Case-Laws Income Tax Tue, 29 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62119