https://www.taxtmi.com/caselaws?id=8365 The High Court of Allahabad addressed penalties imposed for failing to pay advance tax for the financial year 1968-69. The court interpreted section 221 of the Income-tax Act, 1961, concluding it applies to advance tax defaults. It determined the Income-tax Officer lacked authority to impose penalties due to an amendment. The court found the penalties imposed were within limits and rejected jurisdictional objections, quashing penalties and halting recovery proceedings in favor of the petitioner, a cinema proprietor. en-us Tue, 20 Apr 1971 00:00:00 +0530 Fri, 10 Apr 2009 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8365 The High Court of Allahabad addressed penalties imposed for failing to pay advance tax for the financial year 1968-69. The court interpreted section 221 of the Income-tax Act, 1961, concluding it applies to advance tax defaults. It determined the Income-tax Officer lacked authority to impose penalties due to an amendment. The court found the penalties imposed were within limits and rejected jurisdictional objections, quashing penalties and halting recovery proceedings in favor of the petitioner, a cinema proprietor. Case-Laws Income Tax Tue, 20 Apr 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8365