https://www.taxtmi.com/caselaws?id=6221 Recovery proceedings under section 46(7) of the Indian Income-tax Act, 1922 were held to be within limitation where the tax liability had been permitted to be paid by instalments under an arrangement recognised in the assessment and demand process. The majority treated the assessee as a defaulter upon non-compliance with the section 29 demand notices, but construed the proviso to section 46(7) as making limitation run from the date the last instalment fell due. On that basis, the certificate proceedings commenced in March 1956 were timely. The dissent considered default to arise on the demand notices themselves and would have treated the recovery as time-barred. en-us Mon, 02 Feb 1970 00:00:00 +0530 Wed, 03 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6221 Recovery proceedings under section 46(7) of the Indian Income-tax Act, 1922 were held to be within limitation where the tax liability had been permitted to be paid by instalments under an arrangement recognised in the assessment and demand process. The majority treated the assessee as a defaulter upon non-compliance with the section 29 demand notices, but construed the proviso to section 46(7) as making limitation run from the date the last instalment fell due. On that basis, the certificate proceedings commenced in March 1956 were timely. The dissent considered default to arise on the demand notices themselves and would have treated the recovery as time-barred. Case-Laws Income Tax Mon, 02 Feb 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6221