https://www.taxtmi.com/caselaws?id=346876 The Supreme Court upheld the Tribunal's decision in a tax penalty case under Section 271AAA, emphasizing the absence of a specified time limit for tax payment. The Tribunal directed verification by the Assessing Officer after the appellant claimed to have paid the entire tax amount, ultimately dismissing the Tax Appeal due to no legal question arising from the verification process. This case underscores the significance of meeting statutory conditions for penalty waiver and the authorities' discretion in verifying taxpayers' claims on tax payments. en-us Mon, 14 Aug 2017 00:00:00 +0530 Thu, 24 Aug 2017 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346876 The Supreme Court upheld the Tribunal's decision in a tax penalty case under Section 271AAA, emphasizing the absence of a specified time limit for tax payment. The Tribunal directed verification by the Assessing Officer after the appellant claimed to have paid the entire tax amount, ultimately dismissing the Tax Appeal due to no legal question arising from the verification process. This case underscores the significance of meeting statutory conditions for penalty waiver and the authorities' discretion in verifying taxpayers' claims on tax payments. Case-Laws Income Tax Mon, 14 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346876