https://www.taxtmi.com/caselaws?id=276153 A penalty for non-compliance with a demand notice could not stand once the notice itself had been cancelled as not being in the proper form. Default arises only in relation to a valid and operative notice of demand, and where the alleged breach is founded on a notice that has ceased to exist, the legal basis for penalty disappears. The penalty order was therefore quashed in favour of the petitioner. en-us Thu, 25 Oct 1962 00:00:00 +0530 Wed, 31 Oct 2018 17:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276153 A penalty for non-compliance with a demand notice could not stand once the notice itself had been cancelled as not being in the proper form. Default arises only in relation to a valid and operative notice of demand, and where the alleged breach is founded on a notice that has ceased to exist, the legal basis for penalty disappears. The penalty order was therefore quashed in favour of the petitioner. Case-Laws Income Tax Thu, 25 Oct 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276153