https://www.taxtmi.com/caselaws?id=401750 Penalty for default in payment of self-assessment tax cannot survive where the assessee's return disclosed nil income and the quantum addition creating the alleged tax liability was deleted in appeal. Once the deduction claim was allowed in the quantum proceedings, the basis for treating the assessee as being in default under section 221(1) disappeared, because no self-assessment tax was payable on the returned income. The penalty was therefore unsustainable and was deleted. en-us Tue, 17 Nov 2020 00:00:00 +0530 Wed, 16 Dec 2020 08:48:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401750 Penalty for default in payment of self-assessment tax cannot survive where the assessee's return disclosed nil income and the quantum addition creating the alleged tax liability was deleted in appeal. Once the deduction claim was allowed in the quantum proceedings, the basis for treating the assessee as being in default under section 221(1) disappeared, because no self-assessment tax was payable on the returned income. The penalty was therefore unsustainable and was deleted. Case-Laws Income Tax Tue, 17 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401750