https://www.taxtmi.com/caselaws?id=8952 The High Court ruled that the penalty imposed by the Income-tax Officer was not valid in this case. The Court emphasized the importance of adjusting advance tax, issuing valid demands, and following proper procedures before penalizing the assessee. The judgment favored the assessee, highlighting the necessity of adherence to statutory provisions and ensuring correctness in demands before imposing penalties. en-us Tue, 01 Aug 1972 00:00:00 +0530 Wed, 17 Jun 2009 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8952 The High Court ruled that the penalty imposed by the Income-tax Officer was not valid in this case. The Court emphasized the importance of adjusting advance tax, issuing valid demands, and following proper procedures before penalizing the assessee. The judgment favored the assessee, highlighting the necessity of adherence to statutory provisions and ensuring correctness in demands before imposing penalties. Case-Laws Income Tax Tue, 01 Aug 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8952