https://www.taxtmi.com/caselaws?id=39623 The High Court determined that the penalty under section 221(1) of the Income-tax Act for default in advance tax payment is valid. The court held that "tax" in the provision encompasses advance tax, as it is considered tax under the Act. The court emphasized the role of the Income-tax Officer in administering penalties for advance tax defaults and relied on relevant legal provisions and precedents to support its decision. Ultimately, the court ruled in favor of the Revenue, affirming the applicability of section 221(1) to advance tax defaults, without awarding costs but setting the Advocate's fee at Rs. 250. en-us Wed, 11 Sep 1974 00:00:00 +0530 Mon, 19 Apr 2010 11:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39623 The High Court determined that the penalty under section 221(1) of the Income-tax Act for default in advance tax payment is valid. The court held that "tax" in the provision encompasses advance tax, as it is considered tax under the Act. The court emphasized the role of the Income-tax Officer in administering penalties for advance tax defaults and relied on relevant legal provisions and precedents to support its decision. Ultimately, the court ruled in favor of the Revenue, affirming the applicability of section 221(1) to advance tax defaults, without awarding costs but setting the Advocate's fee at Rs. 250. Case-Laws Income Tax Wed, 11 Sep 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39623