https://www.taxtmi.com/caselaws?id=70183 For penalty under section 140A(3) of the Income-tax Act, the period of default in paying self-assessment tax runs from the date of filing of the return until the date of regular assessment and demand. After regular assessment is completed, any non-compliance with the fresh demand may attract consequences under other provisions, but not an extended default period for section 140A(3). The penalty must therefore be recomputed on the correct period of default, limited up to the date of regular assessment. en-us Thu, 21 Feb 1980 00:00:00 +0530 Thu, 14 Apr 2011 17:26:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70183 For penalty under section 140A(3) of the Income-tax Act, the period of default in paying self-assessment tax runs from the date of filing of the return until the date of regular assessment and demand. After regular assessment is completed, any non-compliance with the fresh demand may attract consequences under other provisions, but not an extended default period for section 140A(3). The penalty must therefore be recomputed on the correct period of default, limited up to the date of regular assessment. Case-Laws Income Tax Thu, 21 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70183