https://www.taxtmi.com/caselaws?id=39483 The phrase "regular assessment" in section 18A(9)(a) of the Indian Income-tax Act, 1922 was read in its statutory context to include reassessment proceedings under section 34(1). Because section 34(1) treats escaped-income proceedings as de novo proceedings to which the Act applies as far as may be, penalty proceedings for filing an untrue advance-tax estimate could validly be initiated during reassessment. The Court distinguished interpretations of the same phrase in sections 18A(5) and 18A(6), holding that the meaning of "regular assessment" may differ according to context and subject-matter. The question was answered in the affirmative and against the assessee. en-us Fri, 20 Jul 1973 00:00:00 +0530 Fri, 16 Apr 2010 16:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39483 The phrase "regular assessment" in section 18A(9)(a) of the Indian Income-tax Act, 1922 was read in its statutory context to include reassessment proceedings under section 34(1). Because section 34(1) treats escaped-income proceedings as de novo proceedings to which the Act applies as far as may be, penalty proceedings for filing an untrue advance-tax estimate could validly be initiated during reassessment. The Court distinguished interpretations of the same phrase in sections 18A(5) and 18A(6), holding that the meaning of "regular assessment" may differ according to context and subject-matter. The question was answered in the affirmative and against the assessee. Case-Laws Income Tax Fri, 20 Jul 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39483