https://www.taxtmi.com/caselaws?id=9119 The High Court ruled in favor of the department, upholding the penalties imposed by the Income-tax Officer under section 221(1) of the Income-tax Act, 1961 for assessment years 1953-54, 1958-59, 1959-60, and 1961-62. The Court determined that the Income-tax Officer's order allowing installment payments and security for the balance amount was valid only until the disposal of appeals before the Appellate Assistant Commissioner, not the Appellate Tribunal. The Court rejected the assessee's argument to extend the order's validity under section 220(3) of the Act, affirming the department's claim and directing the assessee to pay costs to the Commissioner of Income-tax. en-us Fri, 13 Oct 1972 00:00:00 +0530 Fri, 19 Jun 2009 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9119 The High Court ruled in favor of the department, upholding the penalties imposed by the Income-tax Officer under section 221(1) of the Income-tax Act, 1961 for assessment years 1953-54, 1958-59, 1959-60, and 1961-62. The Court determined that the Income-tax Officer's order allowing installment payments and security for the balance amount was valid only until the disposal of appeals before the Appellate Assistant Commissioner, not the Appellate Tribunal. The Court rejected the assessee's argument to extend the order's validity under section 220(3) of the Act, affirming the department's claim and directing the assessee to pay costs to the Commissioner of Income-tax. Case-Laws Income Tax Fri, 13 Oct 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9119