https://www.taxtmi.com/caselaws?id=22769 The High Court upheld the validity of canceling an Income-tax Officer's order imposing a penalty under section 140A(3), rejecting the Tribunal's view that the provision was ultra vires. The Court emphasized the Tribunal's lack of competence to consider the vires of the Act and relied on previous judgments supporting the provision's validity. Additionally, the Court affirmed the Tribunal's decision regarding failure to pay tax without reasonable cause, stating it is a factual determination and dismissed the assessee's motion, noting the Tribunal's conclusion was based on cogent material. en-us Mon, 20 Aug 1990 00:00:00 +0530 Sat, 12 Dec 2009 18:13:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22769 The High Court upheld the validity of canceling an Income-tax Officer's order imposing a penalty under section 140A(3), rejecting the Tribunal's view that the provision was ultra vires. The Court emphasized the Tribunal's lack of competence to consider the vires of the Act and relied on previous judgments supporting the provision's validity. Additionally, the Court affirmed the Tribunal's decision regarding failure to pay tax without reasonable cause, stating it is a factual determination and dismissed the assessee's motion, noting the Tribunal's conclusion was based on cogent material. Case-Laws Income Tax Mon, 20 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22769