https://www.taxtmi.com/caselaws?id=9276 The High Court of Allahabad ruled that in the context of the Income-tax Act, the word "month" in section 271(1)(a)(i) should be interpreted as a period of thirty days, not a full calendar month. Additionally, the penalty calculation should deduct amounts of tax already paid, rather than being based on the gross tax assessed. The court answered the first question in favor of the Commissioner and the second question in favor of the assessee. Each party was directed to bear their own costs due to the partial success and failure in the judgment. en-us Wed, 04 Apr 1973 00:00:00 +0530 Sun, 21 Jun 2009 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9276 The High Court of Allahabad ruled that in the context of the Income-tax Act, the word "month" in section 271(1)(a)(i) should be interpreted as a period of thirty days, not a full calendar month. Additionally, the penalty calculation should deduct amounts of tax already paid, rather than being based on the gross tax assessed. The court answered the first question in favor of the Commissioner and the second question in favor of the assessee. Each party was directed to bear their own costs due to the partial success and failure in the judgment. Case-Laws Income Tax Wed, 04 Apr 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9276