https://www.taxtmi.com/caselaws?id=120594 The Hon'ble Bombay High Court directed the Tribunal to reconsider the assessee's Miscellaneous Application seeking rectification of the Tribunal's order for the assessment year 2001-02. The Tribunal upheld the penalty u/s 221, ruling that no separate notice of demand u/s 156 is necessary for self-assessment tax defaults. The assessee's plea for rectification was dismissed, and the penalty imposition was affirmed. en-us Fri, 14 Mar 2008 00:00:00 +0530 Sat, 21 Jul 2012 15:29:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120594 The Hon'ble Bombay High Court directed the Tribunal to reconsider the assessee's Miscellaneous Application seeking rectification of the Tribunal's order for the assessment year 2001-02. The Tribunal upheld the penalty u/s 221, ruling that no separate notice of demand u/s 156 is necessary for self-assessment tax defaults. The assessee's plea for rectification was dismissed, and the penalty imposition was affirmed. Case-Laws Income Tax Fri, 14 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120594