https://www.taxtmi.com/caselaws?id=277166 The Punjab & Haryana High Court held that a person failing to comply with section 18A(3) of the Income-tax Act cannot be penalized under section 28. The Court's decision was based on a detailed analysis of statutory provisions, emphasizing the need for strict construction of tax statutes and interpreting them in favor of taxpayers. The judgment clarified that penalties under section 28 could only be imposed under specific circumstances explicitly outlined in the law, and non-compliance with section 18A(3) did not meet these criteria. This ruling sets a precedent for future cases involving similar issues of statutory interpretation and tax penalties. en-us Thu, 04 Nov 1954 00:00:00 +0530 Tue, 27 Nov 2018 16:29:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277166 The Punjab & Haryana High Court held that a person failing to comply with section 18A(3) of the Income-tax Act cannot be penalized under section 28. The Court's decision was based on a detailed analysis of statutory provisions, emphasizing the need for strict construction of tax statutes and interpreting them in favor of taxpayers. The judgment clarified that penalties under section 28 could only be imposed under specific circumstances explicitly outlined in the law, and non-compliance with section 18A(3) did not meet these criteria. This ruling sets a precedent for future cases involving similar issues of statutory interpretation and tax penalties. Case-Laws Income Tax Thu, 04 Nov 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277166