https://www.taxtmi.com/caselaws?id=8607 Penalty for default in payment of agricultural income-tax was held unsustainable where the assessee's application for cancellation of assessment remained pending, because imposing penalty during that subsisting statutory remedy was not a proper exercise of discretion and the order was quashed. The best judgment assessment under section 19(4) of the Mysore Agricultural Income-tax Act, 1957 was upheld, as the assessee failed to file a return, did not object to the proposition notice, and stayed absent despite repeated opportunities; the record showed no inaccuracy in the material relied on and no denial of reasonable opportunity of hearing. en-us Tue, 30 Nov 1971 00:00:00 +0530 Fri, 08 May 2009 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8607 Penalty for default in payment of agricultural income-tax was held unsustainable where the assessee's application for cancellation of assessment remained pending, because imposing penalty during that subsisting statutory remedy was not a proper exercise of discretion and the order was quashed. The best judgment assessment under section 19(4) of the Mysore Agricultural Income-tax Act, 1957 was upheld, as the assessee failed to file a return, did not object to the proposition notice, and stayed absent despite repeated opportunities; the record showed no inaccuracy in the material relied on and no denial of reasonable opportunity of hearing. Case-Laws Income Tax Tue, 30 Nov 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8607