https://www.taxtmi.com/caselaws?id=11480 The court determined that proper assessment of defaulting assessees under the Income-tax Act must precede penalty imposition. It highlighted the necessity for referrals to the Commissioner of Income-tax for assessing default status before penalties. The judgment emphasized due process, remanding cases for fresh determinations and allowing retention of deposited amounts pending final decisions. Fair review and adherence to procedures were underscored throughout, stressing the significance of accurate assessments before penalizing taxpayers. en-us Mon, 20 Jan 2003 00:00:00 +0530 Thu, 31 Jan 2013 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11480 The court determined that proper assessment of defaulting assessees under the Income-tax Act must precede penalty imposition. It highlighted the necessity for referrals to the Commissioner of Income-tax for assessing default status before penalties. The judgment emphasized due process, remanding cases for fresh determinations and allowing retention of deposited amounts pending final decisions. Fair review and adherence to procedures were underscored throughout, stressing the significance of accurate assessments before penalizing taxpayers. Case-Laws Income Tax Mon, 20 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11480