https://www.taxtmi.com/caselaws?id=6694 An assessee remains in default for penalty purposes where a valid tax demand is not paid within the time allowed, and the filing of an appeal does not suspend that liability. Pending appeals over earlier accounting periods did not alter the default position when the assessed amounts remained unpaid after adjustments, so penalty under section 46(1) of the Income-tax Act read with section 21 of the Excess Profits Tax Act was upheld. The absence of prior statutory notice did not invalidate the penalty, because the core requirement was an effective opportunity to explain the defence, which was satisfied through full hearing before the appellate authorities. en-us Wed, 06 Apr 1966 00:00:00 +0530 Sun, 01 Feb 2009 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6694 An assessee remains in default for penalty purposes where a valid tax demand is not paid within the time allowed, and the filing of an appeal does not suspend that liability. Pending appeals over earlier accounting periods did not alter the default position when the assessed amounts remained unpaid after adjustments, so penalty under section 46(1) of the Income-tax Act read with section 21 of the Excess Profits Tax Act was upheld. The absence of prior statutory notice did not invalidate the penalty, because the core requirement was an effective opportunity to explain the defence, which was satisfied through full hearing before the appellate authorities. Case-Laws Income Tax Wed, 06 Apr 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6694