https://www.taxtmi.com/caselaws?id=14764 The court held that the demand notice for penalty under section 271(1)(c) of the Income-tax Act was not valid against the petitioner as the surety bond did not cover penalties. The petitioner was found not liable for the penalty imposed on the firm and was entitled to the release of his property's title deed. The court quashed the order and notice issued by the tax authorities, directing the release of the title deed to the petitioner. The writ petition was allowed with costs, affirming the petitioner's non-liability for the firm's penalty and his entitlement to the property's title deed. en-us Fri, 16 Apr 1999 00:00:00 +0530 Sat, 18 Jul 2009 15:14:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14764 The court held that the demand notice for penalty under section 271(1)(c) of the Income-tax Act was not valid against the petitioner as the surety bond did not cover penalties. The petitioner was found not liable for the penalty imposed on the firm and was entitled to the release of his property's title deed. The court quashed the order and notice issued by the tax authorities, directing the release of the title deed to the petitioner. The writ petition was allowed with costs, affirming the petitioner's non-liability for the firm's penalty and his entitlement to the property's title deed. Case-Laws Income Tax Fri, 16 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14764