https://www.taxtmi.com/caselaws?id=35873 Recovery proceedings for agricultural income-tax were barred by limitation because section 41(4) prevented commencement after the prescribed period computed from the latest date fixed for payment in the demand notice, or from the date of appellate disposal where an appeal existed. On the facts, the revenue recovery action was time-barred and could not stand. The court also held that no provision was shown imposing a time bar on initiation of penalty proceedings after assessment, so the notice remained valid to that extent. en-us Thu, 04 Jul 1968 00:00:00 +0530 Wed, 17 Mar 2010 12:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35873 Recovery proceedings for agricultural income-tax were barred by limitation because section 41(4) prevented commencement after the prescribed period computed from the latest date fixed for payment in the demand notice, or from the date of appellate disposal where an appeal existed. On the facts, the revenue recovery action was time-barred and could not stand. The court also held that no provision was shown imposing a time bar on initiation of penalty proceedings after assessment, so the notice remained valid to that extent. Case-Laws Income Tax Thu, 04 Jul 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35873