https://www.taxtmi.com/caselaws?id=24741 The court held that the revised income estimate filed by J. K. Synthetics Ltd. was valid, rejecting the Income-tax Officer's contention that it was void. It was determined that the Officer lacked the authority to demand payment or impose penalties based on the earlier estimate, as the petitioner had complied with the revised estimate. The court did not delve into the constitutionality of Section 115J but presumed its applicability for the case. Consequently, the court quashed the order demanding payment and initiating penalty proceedings, restraining further action while allowing the petitioner to be subject to lawful measures such as interest or penalties. en-us Fri, 05 Aug 1988 00:00:00 +0530 Fri, 22 Jan 2010 10:55:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24741 The court held that the revised income estimate filed by J. K. Synthetics Ltd. was valid, rejecting the Income-tax Officer's contention that it was void. It was determined that the Officer lacked the authority to demand payment or impose penalties based on the earlier estimate, as the petitioner had complied with the revised estimate. The court did not delve into the constitutionality of Section 115J but presumed its applicability for the case. Consequently, the court quashed the order demanding payment and initiating penalty proceedings, restraining further action while allowing the petitioner to be subject to lawful measures such as interest or penalties. Case-Laws Income Tax Fri, 05 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24741