https://www.taxtmi.com/caselaws?id=26514 The court upheld the penalties imposed on the petitioner under section 271(1)(c) of the Income-tax Act, 1961, reinstating them after initial cancellation by the Tribunal. The demands issued by the Income-tax Officer were deemed valid and enforceable. Additionally, the court ruled that interest under section 220(2) accrued from the default date, holding the petitioner liable. Regarding relief under section 220(2A) of the Taxation Laws (Amendment) Act, 1984, the court clarified the need for approaching the Board through the Commissioner for discretionary relief. The writ petitions were dismissed, with parties instructed to bear their own costs. en-us Fri, 04 Oct 1985 00:00:00 +0530 Fri, 05 Feb 2010 15:28:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26514 The court upheld the penalties imposed on the petitioner under section 271(1)(c) of the Income-tax Act, 1961, reinstating them after initial cancellation by the Tribunal. The demands issued by the Income-tax Officer were deemed valid and enforceable. Additionally, the court ruled that interest under section 220(2) accrued from the default date, holding the petitioner liable. Regarding relief under section 220(2A) of the Taxation Laws (Amendment) Act, 1984, the court clarified the need for approaching the Board through the Commissioner for discretionary relief. The writ petitions were dismissed, with parties instructed to bear their own costs. Case-Laws Income Tax Fri, 04 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26514