https://www.taxtmi.com/caselaws?id=6930 A composite penalty for more than one default under the Indian Income-tax Act, 1922 was valid where the defaults arose in the course of assessment and were dealt with together. The statutory scheme did not require every default to be the subject of a separate penalty order in all cases, and the mere fact of joint consideration did not make the levy illegal. As no prejudice to the assessee was shown, and the penalty remained within the aggregate maximum exposure permitted by law, the levy was upheld against the assessee. en-us Tue, 15 Nov 1966 00:00:00 +0530 Sat, 07 Feb 2009 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6930 A composite penalty for more than one default under the Indian Income-tax Act, 1922 was valid where the defaults arose in the course of assessment and were dealt with together. The statutory scheme did not require every default to be the subject of a separate penalty order in all cases, and the mere fact of joint consideration did not make the levy illegal. As no prejudice to the assessee was shown, and the penalty remained within the aggregate maximum exposure permitted by law, the levy was upheld against the assessee. Case-Laws Income Tax Tue, 15 Nov 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6930