https://www.taxtmi.com/caselaws?id=348901 The Special Bench held that the assessee is liable to penalty under Section 221(1) for non-payment of self-assessment tax at the time of filing the original return, even if the tax is paid while filing the revised return. The penalty is triggered by the default in making the tax payment at the time of the original return and is not absolved by subsequent actions. The case outcome favored the Revenue, affirming the imposition of the penalty and remanding the matter to the division bench for further proceedings. en-us Tue, 26 Sep 2017 00:00:00 +0530 Sat, 18 Nov 2017 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348901 The Special Bench held that the assessee is liable to penalty under Section 221(1) for non-payment of self-assessment tax at the time of filing the original return, even if the tax is paid while filing the revised return. The penalty is triggered by the default in making the tax payment at the time of the original return and is not absolved by subsequent actions. The case outcome favored the Revenue, affirming the imposition of the penalty and remanding the matter to the division bench for further proceedings. Case-Laws Income Tax Tue, 26 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348901